0
Digitalize all the relevant factors according to their importances and the net effects.
Should I go to my friend's birthday party?
If no, my friend will be mad: 10
If yes, I can not complete my homework project:
a. My teacher will be angry but will give me another chance: -3
b. My parents will be furious and keep me home for one month -10
If yes, I will meet some old friends there: 8
If yes, there will be some favorite games: 6
If yes, I can not prepare my science exam next day
a. I may get B instead of A: -5
b. I will not have Chrismas gift due to the B: -2
c. My parents will not let me go to any party: -10
Now tally the scores: -6
You should not go.
However, if you work on completing your project and preparing the exam well before the birthday party, the scores will become favorable. Then you can go.
I hope that the strategy can be helpful to you.
Add your answer:
Earn +20 pts
What is rational decision-making model Under what conditions is it applicable?
The Rational Decision-Making Model is a process for making logically sound decisions. The model comes from Organization behavior.MethodThe Rational Decision Making Model is a model which emerges from Organizational Behavior. The process is one that is logical and follows the orderly path from problem identification through solution. The Rational Decision Making Model is a seven step model for making rational and logical reasons.This method would evidently not be used for every decision within the everyday operations of an organization. However, the method would be applicable to major efforts within the problem solving and solution finding area such as team efforts and project management (as an example).For the source and more detailed information concerning this subject, click on the related links section (Answers.com) indicated below.
What action provides the most for making a rational choice?
The action that provides the most help for making a rational choice is engaging in financial planning.
What do you know about rational numbers and making them equivalent?
Rational numbers can be expressed as fractions and fractions can be equivalent as for example 3/4 has the same value as 9/12
Is 48 rational or irrational?
No, it is rational.
Is the negative square root of nine rational or irrational?
It is rational. It is rational. It is rational. It is rational.
Rational decisions occur when the marginal benefits of an action equal or exceed the marginal costs?
Rational Decision making occurs when marginal benefits of an action exceed the marginal costs
When problem solving and making decisions where is your rational thought being centered?
Rational thinking stems from your pre-frontal cortex.
What are the strengths and weeknesses of behavioral and logical decsion making styles?
The strengths of logical decision making styles are using rational thoughts and actions to make the decisions. The weakness of logical decision making is that the behavioral aspect is not incorporated into the decisions. The strength of behavioral decision making is the fact that decisions are based off of actions and behavior rather than 100 percent rational. The weakness to the behavioral decision making style is that logic and rational are needed in most all decisions made for certainty.
How do rational numbers equal rational decisions?
They do not. There is no relationship between rational numbers and rational decisions.
What is the definition of rational decisions and irrational decisions?
Rational decisions are thought out with common sense, irrational are not.
When your problem solving and making decisions your rational thought is centered in your?
prefrontal cortex -APEX
What can you do to make them stop bad decisions?
If you have a rational, logical argument and they are rational, logical people, than you probably have a chance at bringing them back from making bad decisions. But it's only your opinion that it's a bad decision, after all.
Which is not a common factor in making decisions?
Emotions are not a common factor in making decisions, as decisions are typically based on rational thinking, logic, and analysis of information. While emotions can influence decisions, relying solely on emotions may lead to biased or irrational choices.
2 Explain any two models of decision-making process Which model best characterizes your organizations or an organization you are familiar with decision process cite examples to justify your answer?
The two methods are rational model and non-rational models. Rational models requires managers to use a four-stage sequence in making decisions. Non-rational models try to focus on how decisions should be made. Pharmaceutical companies preferÊnon -rational models because they assume that decision making is uncertain.
A fundamental assumption of economics is?
1) People are rational & they use some rational logic in making decisions 2) People are always toying to maximize there self-interest
What are the benefits of making rational decisions?
Rational decisions usually lead to positive or desirable outcomes. An irrational decision may lead to a bad outcome. For example if I want to visit Australia, I could book an airline ticket...or swim! One of these choices is rational the other not so much.
Which action illustrates rational behavior?
Rational behavior is a process based on making decisions that result in the most benefit for the individual. An executive at a company retiring early illustrates this best.
