The requirements of the rational decision-making model lead to a paradox because

Question

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All of the above are true. The rational decision-making model assumes that decision-makers have access to perfect information, can evaluate all possible alternatives and their consequences, and can choose the alternative that maximizes their utility. However, in reality, information is often incomplete, ambiguous, or subject to bias. In addition, decision-makers may suffer from cognitive limitations, such as bounded rationality and information overload, which make it difficult to process all available information. Finally, decision-makers must decide what decision to make, and this often involves considering multiple conflicting goals and values, as well as dealing with uncertainty and risk. These factors create a paradoxical situation where the ideal requirements of the rational decision-making model are difficult or impossible to achieve in practice.

The Requirements of the Rational Decision-Making Model Lead to a Paradox