Who conceptualised the idea of ’bounded rationality’?

Question

Chronologically arrange the following initiatives in monitoring the international environment.
A. United Nations Conference on Human Environment in Stockholm
B. Vienna Convention for the Protection of the Ozone Layer
C. Kyoto Protocol to the UNFCCC
D. Brundtland Commission Report

Answer 1

Herbert Simon introduced 'bounded rationality,' a concept suggesting decisions are made under limitations of information, cognitive capacity, and time.

List-I (\(Books\))	List-II (\(Authors\))
A. Making Democracy Work	I. Frank Marini
B. Towards a New Public Administration	II. Jan-Erick Lane
C. Administration: The Art and Science of Organization and Management	III. Albert Lepawsky
D. Public Administration and Public Management	IV. Robert D. Putnam

Who conceptualised the idea of ’bounded rationality’?

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The Correct Option is B

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