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What is the rational model of decision making (or classical model)?

1) A model that assumes individuals make decisions by systematically evaluating all possible alternatives and selecting the one that maximizes their utility.
2) A model that assumes individuals make decisions based on their emotions and instincts.
3) A model that assumes individuals make decisions based on the opinions of others.
4) A model that assumes individuals make decisions randomly.

User Jvdm
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1 Answer

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Final answer:

The rational model of decision making assumes that individuals make decisions by systematically evaluating all possible alternatives and selecting the one that maximizes their utility.

Step-by-step explanation:

The rational model of decision making, also known as the classical model, assumes that individuals make decisions by systematically evaluating all possible alternatives and selecting the one that maximizes their utility. This model assumes that people are rational and make decisions based on careful analysis of information and consideration of the potential outcomes. For example, when deciding on a college major, a person using the rational model would assess their interests, career prospects, and potential financial implications of each option before making a choice.

User Kirill Bestemyanov
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