For the past 2,500 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
E)programmed decision

Question

Quizplus · Accepted Answer

The rational choice model of decision making is the most commonly used model in western countries for the past 2,500 years. It assumes that individuals have all the necessary information, and they make decisions rationally to achieve their self-interest. This model is based on the idea of maximizing benefits and minimizing the costs of decisions. The other options, including implicit favourite, bounded rationality, prospect theory, and programmed decision, are either not as widely used or not relevant to the given context.

For the Past 2,500 Years,scholars in Most Western Countries Have