Explain the concept of bounded-rationality and how decision support systems attempt to overcome that limitation.
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Explain the concept of bounded-rationality and how decision support systems attempt to overcome that limitation.
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Bounded rationality is a concept in decisionmaking theory introduced by Nobel laureate Herbert A Simon It suggests that in reality individuals and organizations often make decisions under conditions o...View the full answer
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Related Book For
Business Intelligence And Analytics Systems For Decision Support
ISBN: 9781292009209
10th Global Edition
Authors: Efraim Turban, Ramesh Sharda, Dursun Delen, Pearson Education Limited, Dennis G. Zill
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