Question: The human mind cannot formulate and solve complex problems with full information. Therefore, humans make decisions by constructing simplified models that extract the essential features

The human mind cannot formulate and solve complex problems with full information. Therefore, humans make decisions by constructing simplified models that extract the essential features from problems without capturing all their complexity. This is known as ________

Group of answer choices

optimal decision making

intuitive decision making

bounded rationality

active selection

incremental decision making

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