Question: Bounded rationality describes the notion that decision makers do not have the ability or resources to process all available information and alternatives to make an

Bounded rationality describes the notion that

decision makers do not have the ability or resources to process all available information and alternatives to make an optimal decision.

people tend to identify a problem by thoroughly examining the situation and considering all interested parties.

people project their own thoughts, attitudes, and motives onto others and see their environment only as it affects them and as itis consistent with herer expecations.

decision makers evaluate all the alternatives simult andex and significantly different from what they are aready doing.

Bounded rationality describes the notion that

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