Questions: In theory, a rational actor would choose to create a policy that addressed a problem in a way that is clear, measurable, and efficient and takes all potential outcomes into consideration. In practice, political actors make decisions that reflect rationality that is limited by which of the following? costs of getting relevant information ability to fully conceptualize the issue and possible solutions timing considerations available expertise

In theory, a rational actor would choose to create a policy that addressed a problem in a way that is clear, measurable, and efficient and takes all potential outcomes into consideration. In practice, political actors make decisions that reflect rationality that is limited by which of the following?

costs of getting relevant information
ability to fully conceptualize the issue and possible solutions
timing considerations
available expertise
Transcript text: In theory, a rational actor would choose to create a policy that addressed a problem in a way that is clear, measurable, and efficient and takes all potential outcomes into consideration. In practice, political actors make decisions that reflect rationality that is limited by which of the following? costs of getting relevant information ability to fully conceptualize the issue and possible solutions timing considerations available expertise
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Solution

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Answer

The correct answers are:

  • costs of getting relevant information
  • ability to fully conceptualize the issue and possible solutions
  • timing considerations
  • available expertise
Explanation

In the context of decision-making by political actors, the concept of "bounded rationality" is often used to describe the limitations they face. Bounded rationality suggests that while actors aim to make rational decisions, their ability to do so is constrained by several factors:

Costs of getting relevant information

Gathering all necessary information to make a fully informed decision can be costly in terms of time, money, and resources. Political actors often have to make decisions with incomplete information due to these constraints.

Ability to fully conceptualize the issue and possible solutions

The complexity of many political issues can make it difficult for actors to fully understand all aspects and potential solutions. Cognitive limitations and the complexity of the issues can hinder comprehensive understanding.

Timing considerations

Political decisions often need to be made within specific time frames, which can limit the ability to gather information and consider all possible outcomes. Urgency can lead to decisions that are less than fully rational.

Available expertise

The level of expertise available to decision-makers can limit their ability to make fully informed decisions. Access to expert advice and knowledge can vary, affecting the quality of the decision-making process.

These factors illustrate the concept of bounded rationality, where decision-makers aim for rationality but are limited by practical constraints.

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