wo models of decision making discussed during class are: Unbounded Rationality and Rational Process Questioning and Bounded Rational Model Irrational Model and Created Rationality Rational Model and Bounded Rationality
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Two models of decision making discussed during class are:
- Unbounded Rationality and Rational Process
- Questioning and Bounded Rational Model
- Irrational Model and Created Rationality
- Rational Model and Bounded Rationality
Step by step
Solved in 3 steps
- Explain why group decision-making can be more effective than individual decision-making.How does the role of information in the rational model of decision making differ from the role of information in the behavioral model?How does positive thinking would lead to sub optimal decision making process in the context of non-programmed decision making?
- Differentiate group decision making and individual decision making and then evaluate their respective pros and consWhat is rationale decision-making? Draw Assumptions of the Rational Decision-Making Model?1/- what are the Decision Models? How do the decision models aid, hinder this process and why? 2/- What other decision models are being considered and why?