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According to Simon, because of bounded rationality, the decision made is ‘satisficing’ in nature i.e. they only satisfy and suffice but not maximise. Thus, a decision maker is looking for a satisfactory solution for a problem in the given situation and the constraints and not for the ideal solution as that may lead to an endless search.
Which country’s new President, Prabowo Subianto, is expected to be India’s chief guest for Republic Day 2025?
Why did the Reserve Bank of India (RBI) cancel the licence of Shankarrao Pujari Nutan Nagari Sahakari Bank Limited?
Which of the following is NOT a biodiversity hotspot in India?
Who will represent India at the annual summit of the Shanghai Cooperation Organisation (SCO) in Astana, Kazakhstan?
Which of the following became the first genetically modified commodity of Indian that has received commercial approval anywhere in the world?
What is the primary aim of the Memorandum of Understanding (MoU) between the Department of Fisheries and Open Network for Digital Commerce (ONDC)?
Which book provides a comprehensive analysis of the individuals who served as the chief of the Reserve Bank of India?
Which bank has launched 'Infinity Savings Account' that is offering special features for its customers, including no domestic transaction charges in e...
Central government pensioners aged 80 years and above will receive an additional allowance of:
________ in conjunction with the Reserve Bank Innovation Hub (RBIH), announced the launch of “Digitalised Submission of Form 15G/15H” as one of the ...