The concept of 'Bounded Rationality' associated with Herbert Simon implies that:
A. Only perfect information is assumed
B. Individuals always optimise with unlimited computational power
C. Rationality is unbounded
D. Individuals are limited in their cognitive capacity and information and therefore satisfice rather than optimise
Answer: Option D
Solution (By JKSSB Mock Tests)
Bounded rationality recognises that human decision-makers face cognitive limitations and incomplete information, so they typically seek satisfactory rather than optimal solutions.
Explanation:
Dark patterns are deceptive or manipulative interface designs that steer users toward decisions—such as subscribing, sharing data or making purchases—that benefit the platform at the expense of the user’s true preferences.
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