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Yijia Zhang
on Nov 10, 2024

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Decision makers who establish an adequate level of acceptability for a solution and then screen solutions until one that exceeds this level is found are

A) maximizers.
B) optimizers.
C) satisficers.
D) rationalizers.
E) diffusers.

Adequate Level

A standard or measure that is deemed sufficient or satisfactory for its intended purpose.

Acceptability

The extent to which an idea, product, or behavior is perceived as agreeable, suitable, or satisfactory by a group or individual.

Satisficers

Individuals who make decisions that suffice to meet their needs rather than optimizing the best possible outcome.

  • Fathom the theory and repercussions of bounded rationality in the decision-making framework.
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Maribel MedinaNov 11, 2024
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