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Rational decision making requires that :
- a)one’s choices be arrived at logically and without error.
- b)one’s choices be consistent with one’s goals.
- c)one’s choices never vary.
- d)one makes choices that do not involve trade-offs.
Correct answer is 'B'. Can you explain this answer?
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Rational decision making requires that :a)one’s choices be arriv...
Rational decision making is a multi-step process for making choices between alternatives. The process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight.
The rational model of decision making assumes that people will make choices that maximize benefits and minimize any costs. The idea of rational choice is easy to see in economic theory. For example, most people want to get the most useful products at the lowest price; because of this, they will judge the benefits of a certain object (for example, how useful is it or how attractive is it) compared to those of similar objects. They will then compare prices (or costs). In general, people will choose the object that provides the greatest reward at the lowest cost.
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Rational decision making requires that :a)one’s choices be arriv...
Rational decision making requires that one's choices be consistent with one's goals. This means that the decision maker should consider his or her goals while making decisions. The following points explain why consistency with goals is important in rational decision making:
Clarity of goals:
When one has a clear understanding of his or her goals, it becomes easy to make decisions that are consistent with those goals. For instance, if one's goal is to save money, then he or she would not make a decision to spend money on unnecessary items.
Maximizing benefits:
Consistency with goals helps one to maximize the benefits of his or her decisions. For example, if one's goal is to improve his or her health, then he or she would make decisions such as eating healthy foods, exercising regularly, and avoiding unhealthy habits.
Avoiding regret:
Consistency with goals helps one to avoid regret. When one makes decisions that are consistent with his or her goals, he or she is less likely to regret those decisions. This is because the decision maker knows that he or she has made the best decision based on the available information.
Avoiding conflicts:
Consistency with goals helps one to avoid conflicts. When one's decisions are consistent with his or her goals, he or she is less likely to experience conflicts with others. This is because the decision maker has made decisions that are in line with his or her values and beliefs.
In conclusion, consistency with goals is important in rational decision making. It helps one to have clarity of goals, maximize benefits, avoid regret, and avoid conflicts. Therefore, decision makers should always consider their goals when making decisions.
Clarity of goals:
When one has a clear understanding of his or her goals, it becomes easy to make decisions that are consistent with those goals. For instance, if one's goal is to save money, then he or she would not make a decision to spend money on unnecessary items.
Maximizing benefits:
Consistency with goals helps one to maximize the benefits of his or her decisions. For example, if one's goal is to improve his or her health, then he or she would make decisions such as eating healthy foods, exercising regularly, and avoiding unhealthy habits.
Avoiding regret:
Consistency with goals helps one to avoid regret. When one makes decisions that are consistent with his or her goals, he or she is less likely to regret those decisions. This is because the decision maker knows that he or she has made the best decision based on the available information.
Avoiding conflicts:
Consistency with goals helps one to avoid conflicts. When one's decisions are consistent with his or her goals, he or she is less likely to experience conflicts with others. This is because the decision maker has made decisions that are in line with his or her values and beliefs.
In conclusion, consistency with goals is important in rational decision making. It helps one to have clarity of goals, maximize benefits, avoid regret, and avoid conflicts. Therefore, decision makers should always consider their goals when making decisions.
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Rational decision making requires that :a)one’s choices be arrived at logically and without error.b)one’s choices be consistent with one’s goals.c)one’s choices never vary.d)one makes choices that do not involve trade-offs.Correct answer is 'B'. Can you explain this answer?
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