Which of the following is not an assumption of the rational decision-making model?
A)Judgment is the key element.
B)Decision maker has complete information.
C)All relevant options can be identified in an unbiased manner.
D)The option with the highest utility is chosen.

Question

Quizplus · Accepted Answer

The rational decision-making model assumes that decision makers have complete information, can identify all relevant options without bias, and choose the option with the highest utility. Judgment being the key element is not an assumption of this model.

Which of the Following Is Not an Assumption of the Rational