Author Question: The concept of bounded rationality advocated by March and Simon disregards the cognitive limitations ... (Read 104 times)

go.lag · **on:** Jul 7, 2018

The concept of bounded rationality advocated by March and Simon disregards the cognitive limitations of the decision maker.

Indicate whether the statement is true or false

Question 2

When individuals compare their inputs and outcomes against those of others, the applicable theory is called:

A) needs hierarchy. B) expectancy.
C) complimentary. D) equity.

leahchrapun · **Reply #1 on:** Jul 7, 2018

Answer to Question 1

FALSE
Explanation: March and Simon assert that decision makers are constrained by bounded rationality, an ability to reason that is limited by the capabilities of the human mind itself.

Answer to Question 2

D