General Studies · Decision-Making Theory
Which of the following statements are correct regarding Herbert Simon's Decision-Making Theory? i. It rejected bounded rationality in favor of total optimization. ii. It is based on a distinction between facts and values (fact-value dichotomy). iii. It asserts that human decisions attain 100% absolute rationality. iv. Decision-making comprises three main phases: Intelligence, Design, and Choice.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1i and ii
- 2ii and iii
- 3i and iii
- 4ii and iv✓
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ii and iv
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