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Apr 30, 2024
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Making Better Choices
Businesses use marginal analysis to increase profits while you can use the rational decision-making
model to make better choices for yourself and your community.
The rational decision-making model is useful when making choices regarding public policy
and economic
issues.
Use this chart to describe the five steps of the rational decision-making model:
STEP
SHORT DESCRIPTION
EXPLANATION
Step 1
Define the situation or problem.
A good place to start is to identify an issue that is important in your community. Examine your sources of local news and local government websites for ideas. Then, you can focus on gathering information from additional credible sources about the issue and its effects.
Step 2
Identify the criteria for evaluating potential solutions.
In this step, identify the criteria you will use to determine whether your proposed solution is the best possible option. The decision criteria should establish
what is relevant to the decision, like the interests, values, and preferences of those involved in the process.
Step 3
Identify all potential solutions.
After establishing the decision criteria, identify all potential solutions to the problem you defined. The same questions you used to establish your decision criteria can assist you in this part of the rational decision-making model.
Step 4
Evaluate the potential solutions against your criteria
This is the point in the rational decision-making process where you use your decision criteria to analyze potential solutions you proposed. In addition,
you want to consider the costs and benefits of your proposed action plans.
Step 5
Choose the best option
The last step is to choose a solution to the problem and explain your choice. You relied on thorough research from credible resources, sound decision criteria, and evaluation of all potential solutions. Therefore, you can be confident that the solution you choose will be the best one available to you. Of course, if the results are unsatisfactory, you can re-
evaluate through the rational decision-making model and find a new solution.
Unless Otherwise Noted All Content © 2022 Florida Virtual School. FlexPoint Education Cloud™ is a trademark of Florida Virtual School.
Relying on logic, objectivity
and analysis
is fundamental to making choices in the rational decision-
making model.
Unless Otherwise Noted All Content © 2022 Florida Virtual School. FlexPoint Education Cloud™ is a trademark of Florida Virtual School.
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