According to the behavioural decision model, managerial decisions are rational only within the boundaries defined by available information.

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The behavioural decision model suggests that managerial decisions are rational to the extent that they are made within the limits of the available information. This means that managers must make decisions with incomplete and often ambiguous information, and as a result, their decisions may not always be entirely rational.

According to the Behavioural Decision Model, Managerial Decisions Are Rational