Question

The concept of 'bounded rationality' was given by:

• A. Charles Lindblom
• B. David Easton
• C. Herbert Simon
• D. Thomas R. Dye

Hint:

Bounded rationality emphasizes the limitations of human decision-making in real-world contexts, focusing on practical constraints.

Answer 1

The Correct Option is C

Step 1: Understanding Bounded Rationality
Herbert Simon's bounded rationality theory posits that decision-makers make rational choices within the constraints of limited information, time, and cognitive resources. It contrasts with classical rationality's assumption of perfect decision-making.
Step 2: Analysis of options
- (1) Charles Lindblom: Known for incrementalism, not bounded rationality.
- (2) David Easton: Known for systems theory in political science, not bounded rationality.
- (3) Herbert Simon: Correct. He introduced bounded rationality.
- (4) Thomas R. Dye: A political scientist specializing in public policy, not bounded rationality.
Step 3: Conclusion
The correct answer is (3) Herbert Simon.