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Behavioural Decision Model
A framework used for understanding how people make decisions based on personal judgments, biases, and social influences.
Complete Information
A scenario where all participants have access to all relevant information needed to make informed decisions.
Clearly Defined Problem
A problem that is explicitly understood and stated, with distinct boundaries and criteria for solving.
Classical Decision Theory
A theory that describes decision-making with an emphasis on rationality, where the decision maker is aware of all alternatives and their outcomes.
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