The scientific method of decision making
A) is systematic and logical.
B) stems from the recency syndrome.
C) is an applied form of bounded rationality.
D) allows the decision maker to be biased.

Question

Quizplus · Accepted Answer

The scientific method of decision making is a systematic and logical process that involves gathering data, testing hypotheses, and drawing conclusions based on empirical evidence. It is designed to minimize bias and ensure that decisions are based on objective, verifiable information. It is not based on the recency syndrome, which is the tendency to give more weight to recent events or information, nor is it an applied form of bounded rationality, which is a decision-making process that relies on simplified models and rules of thumb rather than complete information. The scientific method of decision making does not allow for bias, as it is based on objective evidence and reasoning.

The Scientific Method of Decision Making