What is the concept of ldquo satisfcing rdquo in the bounded rationality model of decision making ........

Decision making and Interpersonal Skills Decision making

What is the concept of “satisfcing” in the bounded rationality model of decision-making?

This questions was previously asked in

Nabard grade-A, Previous year Memory Based Paper (2023)

Choosing the option with the highest potential outcome

Accepting the frst alternative that meets the minimum criteria

Relying on gut feelings and emotions

Conducting a thorough search for alternatives

Delegating decision-making to others

Accepting the frst alternative that meets the minimum criteria

Submit Error