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 state will deploy Kumkis from Karnataka to control wild elephants?
In which Indian state is the Sao Joao Festival, a celebration involving jumping into wells, observed annually?
The highest dam in India is ____.
राजस्थान में जिप्सम का दो - तिहाई भंडार किस जिले में हैं ?
Which of the following is a popular women’s Empowerment programme in India?
Fiat Money is backed by government guarantee
Who is the minister of Micro, Small and Medium Enterprises (MSME) ?
What is the upper limit for loans provided to small entrepreneurs under the Pradhan Mantri Mudra Yojana?
Japanese researchers have proposed to use which material to eliminate space junk?
Which of the following caves was repurposed as a Christian cave?
