Define the theory of rational choice and list the steps involved in the rational decision making process.1.Define the problem or opportunity
2.Identify the objectives
3.Weigh the objectives according to importance
4.Identify a few possible courses of action
5.Rate each course of action on each of the objectives
6.Compute the optimal decision

Question

Define the theory of rational choice and list the steps involved in the rational decision making process.1.Define the problem or opportunity
2.Identify the objectives
3.Weigh the objectives according to importance 
4.Identify a few possible courses of action 
5.Rate each course of action on each of the objectives 
6.Compute the optimal decision

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The Answer of Define the theory of rational choice and list the steps involved in the rational decision making process.1.Define the problem or opportunity
2.Identify the objectives
3.Weigh the objectives according to importance 
4.Identify a few possible courses of action 
5.Rate each course of action on each of the objectives 
6.Compute the optimal decision

Define the Theory of Rational Choice and List the Steps