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Herbert Simon won the Nobel Prize in Economics (1978) for his concept of ‘Bounded Rationality’ in:

ADecision-Making Process
BBudgetary Allocation
CPersonnel Recruitment
DDiplomatic Negotiation

Explanation

Simon challenged classic rational choice models, demonstrating that decision-makers act under ‘bounded rationality’ and seek ‘satisficing’ outcomes.

Exam Relevance
  • Topic: Public Administration
  • Subtopic: Decision Making
Submitted by: mcqstutor Team More Political Science MCQs →

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