Unlike the rational-economic model, the __________ decision model acknowledges human limitations that make rational decisions difficult to achieve.
A) decisive
B) behavioral
C) explicit
D) practical
E) experiential

Question

Quizplus · Accepted Answer

The behavioral decision model acknowledges human limitations and biases, recognizing that individuals do not always make perfectly rational decisions due to these constraints. This contrasts with the rational-economic model, which assumes that decision-makers are fully rational and always make decisions that maximize their utility.

Unlike the Rational-Economic Model, the __________ Decision Model Acknowledges Human