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Which area of our brain acts as a "traffic manager"?
Classical Decision Model
The classical decision model is a theoretical approach to decision-making that assumes individuals have access to all necessary information, can objectively evaluate options, and will make rational choices maximizing outcomes.
Behavioral Decision Model
A framework describing how individuals make decisions based on their perceptions, attitudes, and possible behaviors.
Basic Differences
Fundamental dissimilarities between entities or concepts that distinguish them from one another.
Nonprogrammed Decisions
Choices responding to unique scenarios that are not clearly defined, mostly unstructured, and carry significant implications for the organization.
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