The rational choice model of decision making is rarely practiced in reality because:
A) it ignores the fact that problems must be defined before alternatives are chosen.
B) it assumes that human beings make decisions based on their emotions.
C) it assumes that people are efficient and logical information processing machines.
D) it ignores the fact that people evaluate their decision after an alternative has been chosen and implemented.
E) all of these statements are correct.

Question

Quizplus · Accepted Answer

The rational choice model assumes that people are efficient and logical information processing machines, which is not always the case in reality. People are influenced by their biases, emotions, and cognitive limitations, which affect their decision-making processes. Therefore, the rational choice model is rarely practiced in reality. Options A, B, and D are incorrect because they reflect various aspects of the decision-making process, but they do not fully explain why the rational choice model is rarely followed in real-world situations.

The Rational Choice Model of Decision Making Is Rarely Practiced