Asked by Shiva Ghahramani on May 05, 2024
Verified
Behavioral decision theory models view the manager as acting in a world of complete certainty.
Behavioral Decision Theory
A field of study focusing on the psychology of decision-making processes in individuals and groups.
Complete Certainty
A condition or situation where all relevant information is known and the outcome is guaranteed.
- Distinguish between classical and behavioral decision theory models.
Verified Answer
ZK
Zybrea KnightMay 07, 2024
Final Answer :
False
Explanation :
Behavioral decision theory models recognize that the manager acts in a world of uncertainty, and their decisions are influenced by various cognitive biases and heuristics.
Learning Objectives
- Distinguish between classical and behavioral decision theory models.
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