What are the three generally accepted constructs of decision making each of us employs to make determinations?
A) rational decision making, bounded rationality, and intuition
B) escalation of commitment, risk aversion, and hindsight bias
C) utilitarianism, rights, and justice
D) expertise, creative-thinking skills, and intrinsic task motivation
E) distinctiveness, consensus, and consistency

Question

Quizplus · Accepted Answer

These three constructs are widely accepted in the field of decision making as ways in which individuals approach and make determinations. Rational decision making involves systematically evaluating alternatives and selecting the best one based on a set of criteria. Bounded rationality acknowledges that individuals are limited in their ability to process information and may therefore rely on simplifying heuristics or shortcuts. Intuition refers to the use of past experiences and gut feelings to make decisions. All three constructs play a role in decision making and can be employed depending on the situation and context.

What Are the Three Generally Accepted Constructs of Decision Making