Which of the following is not an assumption of the rational decision- making model?
A)Preferences change slowly.
B)The problem is clear and unambiguous.
C)A single well- defined goal is to be achieved.
D)Final choice will maximize economic payoff.

Question

Quizplus · Accepted Answer

The rational decision-making model assumes that the problem is clear and unambiguous, a single well-defined goal is to be achieved, and the final choice will maximize economic payoff. It does not assume that preferences change slowly; instead, it assumes that preferences are stable and consistent.

Which of the Following Is Not an Assumption of the Rational