Author Question: The situation in which the decision maker is constrained by his or her own values, experiences, and ... (Read 38 times)

karateprodigy · **on:** Jul 21, 2018

The situation in which the decision maker is constrained by his or her own values,
experiences, and habits is called

a. satisficing.
b. bounded rationality.
c. escalation of commitment.
d. the rational model of decision making.
e. none of these.

Question 2

Which of the following statements is not an assumption of the behavioral model of decision
making?

a. The decision maker has imperfect information.
b. The decision maker does not have a complete set of alternatives.
c. The decision maker has bounded rationality.
d. The decision maker will engage in satisficing.
e. All of these statements are assumptions of the behavioral model of decision
making.