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When decision makers construct simplified models that extract the essential features

When decision makers construct simplified models that extract the essential features from a problem without capturing all the complexities of a problem, they are acting under which of the following?


(a) Bounded rationality


(b) Unbounded rationality


(c) Uncertainty


(d) Heuristics


(e) Kinesics.

Apr 03 2018 View more View Less

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