Reference no: EM133604289

Question: Herbert Simon argued against the notion that humans always make decisions in accordance with their own rational self-interest. Which of the following findings would support Simon's position of "bounded rationality" to describe human decision-making? Herbert Simon argued against the notion that humans always make decisions in accordance with their own rational self-interest. Which of the following findings would support Simon's position of "bounded rationality" to describe human decision-making? People tend to maximize their outcomes more often than settling for a decision that is "good enough" People use shortcuts to avoid the cognitive load associated with too many calculations in their day-to-day lives People calculate the consequences of each alternative outcome and compare those outcomes with their own priorities/values People identify all possible alternatives to a given action before choosing