The Purely Rational Model of Decision Making Is Rarely Practiced

question 57

Multiple Choice

The purely rational model of decision making is rarely practiced in reality because it:

• A) ignores the fact that problems must be defined before alternatives are chosen.
• B) assumes that human beings make decisions based on their emotions and abilities.
• C) assumes that people are efficient and logical in their information processing.
• D) ignores the fact that people evaluate their decision after an alternative has been chosen and implemented.
• E) does not consider the problems associated with implementing each of the alternatives.

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Definitions:

Social Forces

The societal elements, including institutions, norms, and cultural dynamics, that influence individuals' behaviors and interactions within a society.

Constrain our Choices

The limitations placed on decision-making by external factors such as societal norms, economic conditions, or legal restrictions.

Marriage Market

The social space in which individuals search for potential marriage partners, often influenced by factors such as socioeconomic status, cultural norms, and personal preferences.

Financial Assets

Economic resources or investments that have monetary value, such as stocks, bonds, or bank deposits.