I need help with a business question

Management
Tutor: None Selected Time limit: 1 Day

  • Describe if you could have been using what we call bounded rationality and how? No copying please
Nov 29th, 2015

Thank you for the opportunity to help you with your question!

bounded rationality is the associated with the idea that when people make decisions,there is limited rationality due to the available information.due to the available time to make decisions.decision makers seek to find a satisfactory solution and do not necessarily need an optimal one.in bounded rationality people take reasoning short cuts.

generally bounded rationality is used to seek satisfactory solutions but not neccesarly optimal ones.

Please let me know if you need any clarification. I'm always happy to answer your questions.
Nov 29th, 2015

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Nov 29th, 2015
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