Asked by Jeanna Ramig on Apr 30, 2024
Verified
Behavioral decision theory models view the manager as acting in a world of complete certainty.
Behavioral Decision Theory
A field of study that examines the decision-making processes of individuals, focusing on the actual observable behavior rather than on hypothetical models.
Complete Certainty
A situation where all variables and outcomes in a decision-making process are known and predictable.
- Comprehend the importance of behavioral and classical decision theories in the context of making decisions within organizations.
Verified Answer
DA
duncan abugaMay 06, 2024
Final Answer :
False
Explanation :
Behavioral decision theory models recognize that managers must make decisions in an environment of uncertainty, where outcomes are not always predictable and information may be incomplete or imperfect.
Learning Objectives
- Comprehend the importance of behavioral and classical decision theories in the context of making decisions within organizations.
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