The concept of bounded rationality advocated by March and Simon ...

[go.lag]

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]

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

[go.lag]

Thanks for the timely response, appreciate it

[tandmlomax84]

YES! Correct, THANKS for helping me on my review