Asked by Katie McFarland on May 12, 2024
Verified
The ___ describes decision making where people are assumed to act only in terms of what they perceive about a given situation.
A) executive decision model.
B) personal decision model.
C) biased decision model.
D) behavioural decision model.
E) descriptive decision model.
Behavioural Decision Model
A framework suggesting that decisions are influenced by psychological and social factors, recognizing that humans may not always act rationally.
- Develop an understanding of the standard and behavioral paradigms of decision-making.
Verified Answer
SG
Shenelle GabrielMay 14, 2024
Final Answer :
D
Explanation :
The behavioural decision model describes decision making where people are assumed to act only in terms of what they perceive about a given situation. The other options (A, B, C, and E) do not accurately describe this type of decision making model.
Learning Objectives
- Develop an understanding of the standard and behavioral paradigms of decision-making.
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