Respuesta :
According to the concept of bounded rationality, managers make decisionsrationally but are limited by their ability to process information.
Bounded rationality is a human selection-making process in which we strive to satisfice, in place of optimize. In different phrases, we seek a decision so that it will beat the manner in which every decision is made with some limitations.
So, what might be a rational desire these days may want to make much less sense the next day when we get extra records. The COVID-19 vaccine and the 'anti-vax' movement is a great instance of Bounded Rationality in paintings.
Excellent enough, as opposed to the best rationality, is the idea that as humans we usually choose the most suitable selection when it's miles made in our own self-interest. via evaluation, bounded rationality says that we can't do so as we are restrained by using three key factors: Cognitive boundaries, Imperfect information, and Time Constraints.
Learn more about Bounded rationality here:
https://brainly.com/question/14892026
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