For the past 2500 years,scholars in most western countries have mainly followed the ____________ model of decision making.
A) Implicit favourite
B) Bounded rationality
C) Rational choice
D) Prospect theory

Question

Quizplus · Accepted Answer

The rational choice model of decision making assumes that individuals will make decisions that maximize their own self-interest and that they have complete information and the ability to make rational calculations. This model has been predominant in western countries for the past 2500 years. Option A is not a recognized model of decision making, option B describes decision making with limitations, and option D is a more recent theory introduced in 1979.

For the Past 2500 Years,scholars in Most Western Countries Have