The concept of 'bounded rationality' was given by:
Show Hint
- Charles Lindblom
- David Easton
- Herbert Simon
- Thomas R. Dye
The Correct Option is C
Solution and Explanation
Herbert Simon introduced the concept of bounded rationality in decision-making. It suggests that decision-makers are rational but within limits due to the constraints of available information, time, and cognitive capacity. Unlike classical rationality, which assumes perfect decision-making, bounded rationality reflects the real-world limitations.
Step 2: Analysis of options.
- (1) Charles Lindblom: Lindblom is known for his concept of incrementalism, not bounded rationality.
- (2) David Easton: Easton is known for his systems theory in political science but not for bounded rationality.
- (3) Herbert Simon: Correct. Simon is the one who introduced the concept of bounded rationality.
- (4) Thomas R. Dye: Dye is a political scientist who has written about public policy but not about bounded rationality.
Step 3: Conclusion.
The correct answer is (3) Herbert Simon.
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