Q what do you term bounded rationality in decision makingif, Ask an Expert

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Q. What do you term 'bounded rationality' in decision making?

If people are having time as well as cognitive ability for making decision's it is said to be bounded rationality.

Q What are the various types of decision making models?

1) Classical decision making models

2) Administrative decision making models

3) Political decision making models.

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Management Theories, Management Studies

Category:- Management Theories
Reference No.:- M9568637

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