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Bounded rationality refers to the limitations on human cognitive abilities, which affect decision-making processes. In this context, satisficing emerges as the behavior most closely associated with bounded rationality.

When individuals are faced with a decision but cannot process all available information or consider every alternative due to cognitive constraints, they often settle for a solution that meets an acceptable threshold rather than striving for the optimal one. This is known as satisficing. It reflects a pragmatic approach in which decision-makers select the first solution that is good enough, recognizing that while they may not achieve the best possible outcome, they will arrive at a satisfactory one that adheres to their limitations in processing information effectively.

On the contrary, the other options do not align as closely with the principles of bounded rationality. Risk avoidance may be influenced by personal judgments and preferences rather than cognitive limitations. Uninformed decision-making implies a lack of knowledge, which stems from different factors rather than bounded rationality itself. Hasty decision-making focuses more on speed than on the cognitive process that leads to satisficing. Therefore, satisficing captures the essence of decision-making behavior influenced by bounded rationality effectively.