Question

What is the relationship of "rational actor" theory to "bounded rationality"? a. Rational actor assumes elites have enough information and ability to guide the rest who are limited by bounded rationality. b. Rational actor assumes anyone can become educated enough to put bounded rationality behind them. c. Rational actor assumes it is possible to have perfect information and calculation; bounded rationality asserts human rationality is limited by nature and socialization. d. Rational actor assumes the human mind will someday have no limitations; bounded rationality agrees but says this will take a long time.

Answer 1

Answer:

The correct answer is C. Rational actor assumes it is possible to have perfect information and calculation; bounded rationality asserts human rationality is limited by nature and socialization

Explanation:

When talking about rational decision making the rational actors assumes  that all alternatives and consequences are known and that the preferences are clear.    On the other hand bounded rationality will choose the first alternative found which that satisfactorily will solve the problem.  In this case they don't have the whole infomation.