Asked by Lydia Silva on May 03, 2024
Verified
A(n) ___ decision chooses the alternative that gives the absolute best solution to a problem.
A) satisficing
B) intuitive
C) optimizing
D) experimental
E) heuristic
Optimizing Decision
The process of finding the most efficient, effective, or achievable decision under the given constraints, often using rigorous methods of analysis.
Absolute Best
The highest possible standard or quality that can be achieved in a specific context.
- Recognize the role of intuition and satisficing in decision-making under uncertainty.
Verified Answer
ZK
Zybrea KnightMay 08, 2024
Final Answer :
C
Explanation :
An optimizing decision is one where the decision-maker chooses the alternative that provides the best possible solution to the problem. This often involves gathering and analyzing a lot of data and considering a wide range of factors before making a choice. This is in contrast to a satisficing decision, where the decision-maker settles for a solution that is "good enough" but not the absolute best, or an intuitive decision, where the decision-maker relies heavily on their gut instincts and experience. An experimental decision involves trying out different approaches to see which one works best, and a heuristic decision involves using a rule-of-thumb or other shortcut to make a decision.
Learning Objectives
- Recognize the role of intuition and satisficing in decision-making under uncertainty.
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