The rational choice theory of decision making predicts that our judgments will vary depending on:
A)the value we assign to possible outcomes of our decisions.
B)frequency but not probability.
C)our history of successfully attaining other goals based on our decisions.
D)the likelihood that someone else will pursue the same decision goals as us.

Question

Quizplus · Accepted Answer

Rational choice theory focuses on how people make decisions based on their preferences and the value they assign to possible outcomes. Therefore, the value assigned to possible outcomes is a significant factor in predicting our judgments. Choice B is not correct because the theory considers the probability of outcomes as well as their frequency. Choice C focuses on the history of successful attainment of other goals and does not directly relate to predicting our judgments. Choice D is not directly related to the individual's decision-making processes, but external factors that may impact decision outcomes.

The Rational Choice Theory of Decision Making Predicts That Our