Which of the Following Is an Unrealistic Assumption Made in the Rational

question 135

Multiple Choice

Which of the following is an unrealistic assumption made in the rational decision making model?

• A)People often don't understand the decision to be made.
• B)People know few of their available choices.
• C)People want to make optimal decisions.
• D)People have perceptual biases.

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Definitions:

Self-Interest

The pursuit of personal gain or advantage, often considered in the context of how it influences human behavior and decision-making.

Utility

In ethics and economics, the concept of creating the greatest happiness or benefit for the greatest number of people.

Pluralists

Advocates of a system in which power is distributed among various groups and organizations, ensuring no single entity dominates.

Relativists

Individuals who hold that moral principles are not absolute but instead vary with social or individual circumstances.