Help with a communication question

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avan41

Business Finance

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  • Describe if you could have been using what we call bounded rationality and how?

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Explanation & Answer

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Bounded rationality is the idea which is  in decision-making, process, rationality of individuals is limited by the information they have, the cognitive limitations of their minds, and the  appropriate finite amount of time they have to make a decision (Herbert,2011).Political decision makers are invariably intendedly rational; they are goal directed and intend to pursue those goals rationally. They do not always succeed. There are  approach to political choice that hasthree components: (a) the task environment, (b) the problem space constructed by the decision maker, and (c) the limits imposed by the cognitive/emotional architecture of human decision makers(Bryan,2012).

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