General Studies · Decision Making
When a decision-maker selects the first acceptable strategy that meets their minimum threshold of adequacy rather than searching for an optimal solution, they are implementing:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Bounded rationality optimization
- 2Gambler's fallacy
- 3Elimination by aspects
- 4Satisficing✓
Correct answer
Satisficing
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