One Assumption of Rational Decision Making Is That the Decision

question 55

True/False

One assumption of rational decision making is that the decision maker is not aware of all possible alternatives and consequences.

---

Definitions:

Short-Term Memory

Short-term memory is a cognitive system with a limited capacity that is responsible for temporarily holding information available for processing.

Baddeley and Hitch

Psychologists who proposed the model of working memory, explaining how the brain processes and stores short-term information.

Atkinson and Shiffrin

Psychologists who proposed the multi-store model of memory, which includes the sensory register, short-term memory, and long-term memory.

Memory Storage

The process of retaining information over time, which is critical for learning, decision-making, and personal identity.