The key difference between making a decision in the classical style and making one in the behavioural style is:
A) the individual's management style
B) the presence of judgemental heuristics
C) whether all parties agree to the course of action
D) the presence of cognitive limitations

Question

Quizplus · Accepted Answer

The classical decision-making style assumes rationality and complete information, while the behavioural style acknowledges cognitive limitations and bounded rationality.

The Key Difference Between Making a Decision in the Classical