Bounded Rationality and Satisficing
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Bounded Rationality and Satisficing
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Bounded Rationality and Satisficing: Decision makers examine a relatively narrow range of options and choose the best solution within the limitation on time and resources, it seeks the best, not optimal solution. Advantage of this: it recognizes the limitation placed on decision makers. Disadvantage: This model still assumes a consensus can be reached on goals and objectives
How do you think decision making in the real world of health care reflects, or differs from this model?
