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Compare and contrast the four decision models

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The Discussion Board for this week asks you to compare and contrast the four decision models/theories presented: The Rational Model, Bounded Rationality, The Garbage Can Model, and Slow/Fast Thinking. Each of these models is descriptive (describing how we make decisions) rather than prescriptive (telling us how we should make decisions). Yet, are there any takeaways from these models as a whole?

Specifically address these questions:

-Fundamentally, how are these theories similar? How are they different?

-Which do you think would be a good model to use for a decision to change a company's PTO (Paid Time Off) policies? Why?

Reference no: EM132975410

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