Decision-Making Models Quiz
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Questions and Answers

What is the process of identifying and choosing from alternative solutions that lead to a desired state of affairs?

  • Bounded Rationality
  • Intuitive model
  • Rational Decision-Making Model (correct)
  • Satisficing
  • Which model involves decision makers being restricted by a variety of constraints when making decisions?

  • Bounded Rationality (correct)
  • Non-rational models
  • Satisficing
  • Intuitive model
  • What is 'good enough' to meet the minimum standards?

  • Satisficing (correct)
  • Intuitive model
  • Bounded Rationality
  • Rational Decision-Making Model
  • What refers to judgment, insights, or decisions that come to mind without explicit awareness of the evoking cues and without explicit evaluation of the validity of those cues?

    <p>Intuition</p> Signup and view all the answers

    Which subconscious application of learning is influenced by expertise?

    <p>Automated Experience</p> Signup and view all the answers

    What refers to the subconscious integration of information in memory for intuitive judgment?

    <p>Holistic Hunch</p> Signup and view all the answers

    Which type of knowledge is gained by experience but is difficult to articulate?

    <p>Tacit Knowledge</p> Signup and view all the answers

    What type of decision-making bias involves selective information gathering to confirm a pre-made decision?

    <p>Confirmation Bias</p> Signup and view all the answers

    What model assumes optimization and explains how people should make decisions?

    <p>Rational Decision-Making Model</p> Signup and view all the answers

    What term describes decision makers being restricted by various constraints such as time, energy, and resources when making decisions?

    <p>Bounded Rationality</p> Signup and view all the answers

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