Author Question: Toby is hunting for a new apartment. He is specifically looking for one that is located in the heart ... (Read 52 times)

Chloeellawright · **on:** Oct 23, 2019

Toby is hunting for a new apartment. He is specifically looking for one that is located in the heart of the city and should be available for $600 per month. However, Toby is also willing to pay up to $850 per month for a place situated slightly away from the city centre. According to him, the second option "will also do." This is an example of ________.
◦ bounded rationality
◦ experience-based decision-making
◦ non linear thinking
◦ rational decision-making
◦ intuitive decision-making

Hikerman221 · **Reply #1 on:** Oct 23, 2019

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