Asked by Tristin Wright on Jul 20, 2024

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______ is a normative model for integrating different dimensions and goals of a complex decision.

A) Expected value
B) Expected utility
C) MAUT
D) Framing

Normative Model

An approach or theory that prescribes how individuals should behave or make decisions, based on established norms or standards.

Expected Utility

A concept in economics and game theory that quantifies the utility expected from an uncertain prospect or decision.

  • Master the essentials and uses of multi-attribute utility theory (MAUT) in addition to other methodologies for deciding.
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Verified Answer

SM
Sofia MaciasJul 21, 2024
Final Answer :
C
Explanation :
MAUT, which stands for Multi-Attribute Utility Theory, is a normative model that integrates different dimensions and goals of a complex decision by considering multiple criteria for decision-making.