Which of the following is an assumption of rationality?
A)The problem is ambiguous.
B)Multiple goals are to be achieved.
C)Time and cost constraints are known.
D)All alternatives and consequences are known.

Question

Quizplus · Accepted Answer

The assumption of rationality is that all alternatives and consequences are known, meaning that the decision maker has access to complete and accurate information about the decision problem. Choices A, B, and C are not assumptions of rationality, as the problem may or may not be ambiguous, there may be multiple goals to achieve, and time and cost constraints may or may not be known.

Which of the Following Is an Assumption of Rationality