Asked by Zachary Summach on Jun 13, 2024
Verified
A decision maker who is irrational:
A) chooses an option that makes him or her worse off,rather than choosing another available option.
B) chooses the option that makes him or her better off,rather than choosing another available option.
C) allocates income to maximize his or her satisfaction from consuming goods and services.
D) seeks to maximize business profit.
Decision Maker
An individual or group responsible for making choices after considering the consequences of various actions.
Irrational
Behavior or thoughts not based on logical reasoning, clear thinking, or aligned with factual evidence.
- Ascertain the variance between rational and irrational methods of decision making.
Verified Answer
CH
Crystal HernandezJun 17, 2024
Final Answer :
A
Explanation :
An irrational decision maker makes illogical, inconsistent or contradictory choices that may go against their own interest or objectives. Therefore, such a decision maker is likely to choose an option that makes him or her worse off, rather than choosing a better available option.
Learning Objectives
- Ascertain the variance between rational and irrational methods of decision making.