General Studies · Decision Making
According to Herbert Simon's Bounded Rationality model, what do decision-makers do when faced with complex decisions?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1They always defer decisions to external domain experts.
- 2They gather all existing information before making a choice.
- 3They rely on mental shortcuts (heuristics) to satisfice and simplify decision-making.✓
- 4They utilize exhaustive algorithms to find the absolute optimal solution.
Correct answer
They rely on mental shortcuts (heuristics) to satisfice and simplify decision-making.
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