Bounded rationality suggests A. rational decisions can only be made when choices are restricted. B. individuals might make "incorrect" decisions because they are unable to consider all possible options. C. individuals are happier when their choices are restricted or "bounded." D. individuals would rather have less choice to more choice.

Option B

Bounded rationality suggests individuals might make "incorrect" decisions because they are unable to consider all possible options.

Explanation:

Bounded rationality is the view that we execute wise judgments but in the boundaries of the erudition open to us and our thought skills. Bounded rationality is the opinion that in judgment building, the rationality of somebody is restricted by the data they have, the cognitive boundaries of their thoughts, and the terminable quantity of time they have to get a judgment.

Another means to see at bounded rationality is that, because decision-makers require the expertise and sources to reach the optimal explication, they rather employ their rationality barely later having considerably analyzed the possibilities available. Thus the decision-maker is a satisficer, one inquiring a gratifying solution preferably than the optimal thing.