The bounded rationality model should be used to make decisions when
A)the minimum criteria are clear.
B)the decision is important.
C)there is time pressure.
D)new solutions need to be generated.

Question

Quizplus · Accepted Answer

The bounded rationality model is a decision-making model that assumes that individuals have limited cognitive abilities and that they make decisions based on the information that is available to them at the time. This model is most appropriate when the minimum criteria are clear, as this allows individuals to make decisions based on a set of predetermined criteria.

The Bounded Rationality Model Should Be Used to Make Decisions