Question

Evelyn's Internet search for information about "vendor for machine screws" yielded more than 100,000 items. Given that Evelyn did not have the time or resources to pursue each of these she decided after limiting her search to only vendors in her state. By doing this, Evelyn engaged in ________.

Answer 1

Answer:

Bounded rationality

Explanation:

The term bounded rationality  was proposed by Herbert Simon to analyze the decision making process of agents in complex systems. In other words, bounded rationality  refers to the decision making of an individual based on the limitation of the information needed to make that decision.

Since Evelyn has limited her research on machine screw suppliers to suppliers in her state only, in order to decide which supplier she will contact, we can say that Evelyn is using bounded rationality .

Answer 2

Answer:

Bounded rationally

Explanation:

Got it right on test!