Decision-Making Models and Theories

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12 Questions

What is the primary goal of decision-making?

To resolve problems or make choices

Which decision-making model assumes that people are motivated by economic incentives?

Rational model

What is the first step in the decision-making process?

Identify the need for a decision

Which decision-making model is characterized by a highly personalized and subjective process?

Heuristic model

What is the primary limitation of the incremental model?

Rationality has a marginal effect

What is the final step in the decision-making process?

Implement the chosen alternative

What is a characteristic of a synoptic decision maker?

They have a firm grasp of available alternatives and make the best choices.

What is cognitive nearsightedness in decision-making?

Making decisions that satisfy immediate needs but neglecting long-term consequences.

Which quality of a good decision maker involves taking personal responsibility for ensuring decisions are made?

Catalytic

What is the primary goal of decision-making?

To use information to resolve problems or make choices

What is a common error in decision-making where individuals assume that the future will be similar to the past?

Assumption that the future will repeat the past

What is a characteristic of a skill-directed decision maker?

They have a try and see attitude

Test your knowledge on decision-making models and theories, including the rational model, and how they are used to solve problems and make choices. Learn about the different approaches to decision-making and how they are applied in various situations.

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