Question: 2 4 Question 3 1 pts In the bounded rationality model of decision making, individuals q , intentionally limit their options to a manageable set
Question
pts
In the bounded rationality model of decision making, individuals
intentionally limit their options to a manageable set and choose the best option without conducting an exhaustive search for alternatives
conduct an extensive search for options and only settle on the best choice once all feasible alternatives have been considered
think about the problem and gather information, set the problem aside for a while, then consider the possible solutions after experiencing a moment of insight
recognize patterns similar to those that have been seen before and make an appropriate decision based on that knowledge, training, or experience
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