Question

Who conceptualised the idea of ’bounded rationality’?

• A. A. Etzioni
• B. Herbert Simon
• C. Max Weber
• D. F.W. Riggs

Hint:

Understand Simon’s contributions to decision-making theories for public administration topics.

Answer 1

The Correct Option is B

Herbert Simon introduced the concept of ’bounded rationality’, which suggests that individuals make decisions within the constraints of limited information, cognitive limitations, and time.