Cognitive decision making is also known as “bounded rationality” because it recognizes?

Question

a. that there is no irrationality in cognitive decision making.

b. that cognition is more important than emotion in decision-making processes.

c. that there are internal and external boundaries that limit what a decision maker knows.

d. the importance of the bureaucracy in the decision-making process.

Answer 1

c.  We must always recognize that we make decisions based on our personal and collective knowledge base which is limited by our experience, education and ability to find and understand the knowledge which we encounter.