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eduard
2 years ago
12

Which theory proposes that when faced with decisions, we tend to satisfice rather than optimize?

Social Studies
2 answers:
yaroslaw [1]2 years ago
4 0

Bounded rationality theory proposes that when faced with decisions, we tend to satisfice rather than optimize

This is further explained below.

<h3>What is Bounded rationality?</h3>

Generally, The concept of bounded rationality proposes that humans' capacity for rational thought is constrained throughout the decision-making process. Given these constraints, rational persons would choose an option that is satisfying rather than one that is ideal.

In conclusion, According to the bounded rationality hypothesis, when we are forced to make choices, we have a tendency to settle for an option that satisfies our needs rather than one that offers the most benefits.

Read more about Bounded rationality

brainly.com/question/13708799

#SPJ1

Feliz [49]2 years ago
3 0

Answer:

theory of bounded rationality

Explanation:

theory developed by Herbert Simon, a Nobel Laureate in economics

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<h3>What is the significance of oxytocin hormone?</h3>

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The missing choices to the incomplete question have been added below for better reference.

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