Which model views decision makers as acting in a world of complete certainty?
A) Behavioral decision
B) True decision
C) Cognitive decision
D) Classical decision
E) Aesthetic decision

Question

Quizplus · Accepted Answer

The classical decision model views decision makers as acting in a world of complete certainty, where all alternatives and their outcomes are known in advance. This model assumes that decision makers are rational and will choose the alternative that maximizes their utility. However, in reality, decision making is often influenced by incomplete information, ambiguity, and cognitive biases, which the classical model does not account for.

Which Model Views Decision Makers as Acting in a World