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Describe Alexis de Tocqueville's explanation for the French Revolution. How does this view compare with the work of Karl Marx? What insights does Davies offer that might reconcile the two views?
Recognition-Primed Decision Making
A theory of expert decision making holding that decision makers choose options based on analogy of a given situation with previously encountered situations.
Expected Utility
A theory in economics and decision theory that describes how individuals might choose among risky prospects based on the expected outcomes' utility to them.
MAUT
Multi-Attribute Utility Theory, a decision-making framework that evaluates choices based on multiple criteria.
Image Theory
A descriptive theory of decision making positing that the process consists of two stages: (1) a noncompensatory screening of options against the decision maker’s image of values and future, in which the number of options is reduced to a very small set, and (2) a compensatory choice process (if necessary).
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