The expression bounded rationality means a the cognitive limitations exist for human beings b that our understanding of complex situations is bounded by our personal anxieties c that no real rationality exists because we suffer from many psychological biases d that many strategic decision are taken. By noodle managers who lack the intelligence and imagination of top managers

The expression bounded rationality means a the cognitive limitations exist for human beings b that our understanding of complex situations is bounded by our personal anxieties c that no real rationality exists because we suffer from many psychological biases d that many strategic decision are taken. By noodle managers who lack the intelligence and imagination of top managers

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

The expression bounded rationality means

a the cognitive limitations exist for human beings

b that our understanding of complex situations is bounded by our personal anxieties

c that no real rationality exists because we suffer from many psychological biases

d that many strategic decision are taken. By noodle managers who lack the intelligence and imagination of top managers

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