Which of the following is an assumption of the rational model of decision making?
A)The outcome will be completely irrational.
B)The decision maker is aware of all the possible alternatives.
C)The decision maker cannot calculate the probability of success for each alternative.
D)The decision maker has an inconsistent system of preferences, which is used to choose alternatives.

Question

Which of the following is an assumption of the rational model of decision making?​
A)​The outcome will be completely irrational.
B)The decision maker is aware of all the possible alternatives.​
C)The decision maker cannot calculate the probability of success for each alternative.​
D)The decision maker has an inconsistent system of preferences, which is used to choose alternatives.​

Quizplus · Accepted Answer

The rational model assumes that the decision maker has complete information about all possible alternatives that could solve the problem, and can evaluate the advantages and disadvantages of each alternative. The other options presented are contrary to the assumptions of the rational model.

Which of the Following Is an Assumption of the Rational