Asked by Tristin Wright on Jul 20, 2024
Verified
______ is a normative model for integrating different dimensions and goals of a complex decision.
A) Expected value
B) Expected utility
C) MAUT
D) Framing
Normative Model
An approach or theory that prescribes how individuals should behave or make decisions, based on established norms or standards.
Expected Utility
A concept in economics and game theory that quantifies the utility expected from an uncertain prospect or decision.
- Master the essentials and uses of multi-attribute utility theory (MAUT) in addition to other methodologies for deciding.
Verified Answer
SM
Sofia MaciasJul 21, 2024
Final Answer :
C
Explanation :
MAUT, which stands for Multi-Attribute Utility Theory, is a normative model that integrates different dimensions and goals of a complex decision by considering multiple criteria for decision-making.
Learning Objectives
- Master the essentials and uses of multi-attribute utility theory (MAUT) in addition to other methodologies for deciding.
Related questions
What Is a Concern in Using a Truth Table to ...
Participants in a Decision-Making Study in Which They Had to ...
When Making a Decision, One Should Consider the Desirability of ...
The 5-Step Process of Choosing a Course of Action for ...
In the Vroom, Yetton, and Jago Decision-Making Model, __________ Are ...