If an individual is procedurally rational then they arrive at the same decision as would an individual using the rational model.

Question

Quizplus · Accepted Answer

Procedural rationality focuses on the process of decision-making, ensuring it is logical and systematic, while the rational model assumes individuals have all necessary information and can make the optimal decision. The outcomes of these approaches may differ due to constraints and information availability in procedural rationality.

If an Individual Is Procedurally Rational Then They Arrive at the Same