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Rational and Non rational decision making models: what keeps us from making purely rational decisions?

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Final answer:

Emotions, cognitive biases, and social influences can prevent us from making purely rational decisions.

Step-by-step explanation:

In decision-making, there are factors that can influence our choices and prevent us from making purely rational decisions. One factor is emotions, which can cloud our judgment and lead to irrational decisions. For example, purchasing a luxury item on impulse even though it may not be financially wise. Another factor is cognitive biases, which are inherent mental shortcuts that can distort our perception of information. A common example is the confirmation bias, where we seek out information that confirms our existing beliefs and ignore conflicting evidence.

Additionally, social and cultural influences can impact decision-making. People are often swayed by social norms and pressures, leading to choices that align with the expectations of others, even if they may not be rational. For instance, conforming to peer pressure to engage in risky behaviors.

It is important to note that while purely rational decision-making may be ideal in theory, it is not always practical in real-life situations. The complexity of decisions, personal biases, and external influences all contribute to the challenge of making purely rational choices.

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