Writing Assignment Research Paper Example | Topics and Well Written Essays - 500 words

Writing Assignment - Research Paper ExampleThis is called bounded rationality.We all know that NASA from very long wants to send a man to Mars. But, since this would be the very first time a man would be going to Mars, we have only limited information accessible about that planet. So, this first visit to Mars might non lead to a definite victor for NASA.According to Simon, to satisfice means to take a decision which is good-enough for the present situation. The term Satisficing is also called Muddling Through. The word of honor Satisfice was coined by Herbert Simons. It refers to a sub-optimal choice made by the decision dor which he considers to be good enough. Satisificing, therefore, is a decision making process which leads to a near optimal solution and not the optimal one.Satisficing is not a form of rational actor behavior, since the rational behavior would lead to the roughly optimal alternative available as the decision. But, satisficing considers the sub-optimal decis ion. Satisificing is more closely akin to bounded rationality since twain these approaches lead to a decision which is not the most optimal or rational one.Simon wished to replace the scotch assumption of global rationality since he strongly believed that it is not possible for human beings to behave rationally because of their computing limitations, and also time and information accessing limitations. Simon believed that the way humans actually make decisions is by hobby the approaches of bounded rationality and satisficing (Newell, 1972).I strongly agree with Simon on his approach to decision making. His approach does make sense because human decision making has a lot of challenges in terms of selecting the best alternative. I would like to enlighten this with the help of an important recent happening which is the law enforcement in recent capital of the United Kingdom riots. The laws were enforced in a way such that the riots are deterred immediately. Even if the culprits coul d not be caught of immediately, it