Question

Which term best characterizes a decision that has bounded rationality?

Answer 1

Answer:

Just good enough

Explanation:

Rationality limitation is a term used to describe situations where a person's decision making is limited because that person has information in limited quantities that is not sufficient to determine a full decision, so the decision is no longer fully rational. The term "just good enough" is a term that characterizes a decision that limits rationality. In this case, an individual did not have enough information to decide whether something is really good or bad, so the individual had to conclude that something is "just good enough."

Answer 2

Just good enough is the term that has bounded rTionality