Expected utility theory is usually regarded as a ______ model of decision making.
A)descriptive
B)prescriptive
C)normative
D)both descriptive and prescriptive

Question

Quizplus · Accepted Answer

Expected utility theory is considered a normative model of decision making because it prescribes how decisions should be made based on rational criteria, rather than describing how decisions are actually made.

Expected Utility Theory Is Usually Regarded as a ______ Model