The behavioral decision model attempts to provide a(n) __________ decision.*
A) classical
B) satisficing
C) programmed
D) optimizing

Question

Quizplus · Accepted Answer

The behavioral decision model aims to provide a satisficing decision, which means choosing an option that is good enough or meets the minimum criteria, rather than trying to find the optimal solution. This model takes into account cognitive limitations and biases of decision-makers and suggests that they tend to make decisions based on heuristics or mental shortcuts, rather than following a rational decision-making process. Therefore, the model aims to provide a decision that is feasible, acceptable, and satisfactory, rather than seeking the best possible outcome.

The Behavioral Decision Model Attempts to Provide A(n) __________ Decision