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Refer to the diagram below,where the numbers next to the arrows refer to the number of days required for completion of the corresponding activity.What is the critical path?
Behavioural Decision Model
A concept in psychology that examines the decision-making processes individuals use, including biases, judgments, and social influences.
Limited Information
A condition in decision-making processes where all necessary data or details are not available to the decision-maker.
Bounded Rationality
A concept suggesting that the cognitive limitations of the mind, and the finite amount of time available, limit human decision-making capabilities.
Limited Information
A situation where decision-makers do not have access to all the data or facts needed to make an informed decision.
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