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The Rational Decision-Making Model Relies on a Number of Assumptions,including

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The rational decision-making model relies on a number of assumptions,including that the decision maker has complete information and is able to identify all the relevant options in an unbiased manner.


Definitions:

Paid More

Receiving a higher wage or salary in comparison to others or to a previous state.

Recency Effect

A cognitive bias that predisposes individuals to weigh recent events or information more heavily than earlier data when making decisions or evaluations.

Target Person

A specified individual chosen for assessment, observation, or interaction in various contexts, including research, marketing, or performance evaluation.

Stereotype

A widely held but fixed and oversimplified image or idea of a particular type of person or thing.

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