Which of the following describes decision making with complete information?
A)Classical decision model
B)Satisficing decision
C)Bounded rationality
D)Behavioural decision model
E)Cognitive limitation

Question

Quizplus · Accepted Answer

The classical decision model assumes complete information and rationality, meaning that the decision maker has all the necessary information and can make the best choice based on that information.

Which of the Following Describes Decision Making with Complete Information