The Unstructured Model of Decision Making Recognizes That Decision Making

question 94

True/False

The unstructured model of decision making recognizes that decision making occurs in a series of small steps that add up to a major decision over time.

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Definitions:

Bounded Rationality

A concept suggesting that individuals make decisions based on the limited information they have, constrained by their mental capacity and the time available.

Evidence-Based

An approach that involves making decisions or taking actions based on the systematic analysis of scientific evidence.

Bounded Rationality

A concept that decision-makers are limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision.

Temporal Immediacy

The urgency or closeness in time of an event, emphasizing the importance of timely action or response.