Answer:
The concept of bounded rationality holds that: b) decision makers process limited and imperfect information and rarely select the best choice.
Explanation:
The concept of bounded rationality means that even though humans use rationality to make decitions, rationality is not the only importan factor to be consider. Humans have limited capacities to analize a manner only by their rational thinking. There for emotions, or the perception of reality can vary from one person to another. Also humans search for pleasure and the satisfactions of their prompt needs, this is the limit of rationality in humans, that is why in order to decide, not only rational thinking is involved.
St. Louis, Missouri but was raised in St. Paul Minnesota
Answer:
c. approach-approach conflict.
Explanation:
Approach-approach conflict -
It is the state of mind , where the person is confused between two tasks , and need to decide as he or she can do only one task at a time , is known as approach - approach conflict .
The conflict is resolved , as soon as there is inclination towards one particular task.
Hence , from the given scenario of the question, the Bob is experiencing an approach - approach conflict.
The greek and the Etrucans
The social rules and guidelines that prescribe appropriate behavior in a particular situation are called norms. These social norms govern behavior in groups and society in general. Arrow 1971, Akerlof 1976 said: norms are efficient means to achieve social welfare, Coleman 1989 said prevent market failures.
The system of values and norms that are shared among a group of people and that when taken together constistute a design for living is referred to as culture.
