When a person makes a quick decision without taking the time to compare the opportunity cost of all possible options,he or she is using:

A) bounded rationality.
B) risk aversion.
C) loss aversion.
D) the status quo.

Bounded rationality refers to the idea that in decision-making, individuals are limited by the information they have, their cognitive limitations, and the finite amount of time they have to make a decision. Thus, when a person makes a quick decision without thoroughly comparing all possible options, they are operating under bounded rationality, acknowledging that they cannot process every possible outcome or option due to these limitations.