Decision rules are a part of the_____.A) bounded rationality modelB) knowledge modelC) risk modelD) evidence-based model

Question

Decision rules are a part of the_____.A)  bounded rationality modelB)  knowledge modelC)  risk modelD)  evidence-based model

Zachary Bethea · Accepted Answer

Final Answer : A, Explanation :  Decision rules are a key component of the bounded rationality model in which an individual makes decisions within the constraints of limited information, cognitive biases, and time constraints. This model acknowledges that humans cannot process all available information and must rely on simplifying techniques to make decisions.

Decision rules are a part of the_____.

A) bounded rationality model
B) knowledge model
C) risk model
D) evidence-based model

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