What Is the Rational Model of Decision Making? What Are

question 77

Essay

What is the rational model of decision making? What are the assumptions that make it difficult to apply to day-to-day decisions?

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Definitions:

Long-Term Memory

A type of memory responsible for the storage of information over an extended period, from days to decades.

Learning Orientation

An individual's predisposition towards viewing situations as opportunities for gaining new knowledge and skills, rather than as tasks to be completed.

Primacy Effect

The tendency to remember information that is presented first better than information that is presented later.

Stereotyping

is the act of categorizing individuals into groups and making assumptions about them based on generalizations.