Identify an assumption of the rational model of decision making.
A)The decision maker has a consistent system of preferences.
B)The decision maker is not aware of all the possible alternatives.
C)The decision maker cannot determine the probability of success for each alternative.
D)There are time constraints and limits to human knowledge and information-processing capabilities.

Question

Quizplus · Accepted Answer

The rational model of decision making assumes that the decision maker has a consistent system of preferences, which allows for a clear ranking of choices. This model presumes that individuals can assess all options logically and make the best decision based on their goals and constraints.

Identify an Assumption of the Rational Model of Decision Making