In the bounded rationality model, when does an individual or team stop searching for alternatives?
A) after every possible alternative is evaluated
B) as soon as an acceptable solution is discovered
C) when it becomes too costly to continue the search
D) after the first alternative is evaluated

Question

Quizplus · Accepted Answer

In the bounded rationality model, decision-makers stop searching for alternatives as soon as they find an acceptable solution, rather than evaluating every possible option. This approach acknowledges the limitations of time and cognitive resources.

In the Bounded Rationality Model, When Does an Individual or Team