The __________ decision making model assumes rationality and complete information.
A) classical
B) logical
C) behavioral
D) optimizing

Question

Quizplus · Accepted Answer

The classical decision-making model assumes rationality and complete information, where decision makers identify all possible alternatives and choose the one that maximizes expected utility. This model is based on the assumption that individuals are rational and seek to maximize their personal self-interest.

The __________ Decision Making Model Assumes Rationality and Complete Information