Describe the non-rational models

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Reference no: EM133681175

Problem: The Decision Making Process

Managers are constantly making decisions, often having to choose from several alternatives. This assignment helps you learn how to apply the steps of the Rational Decision Making Process

Use the decisions of Buying myself a new car. Use the jeeps models . Decide between which new Jeep model or getting a used car instead. Things to consider like the price the color the miles if there is anything wrong the car. Fyi you can only use these 4 steps of rational decision (look at the picture I attached to this) I included in the picture down below. Please use first person as if I am presenting this decision to someone else. Answer each question each step.

A. Think about a decision you've recently made where you had to choose from several different options. (Note - a yes/no decision doesn't work for this practice). Describe your situation here.

B. WriYTE a description of this decision using each of the stages in the Rational Decision Making Process as your guide.

C. Describe the Non-Rational models and explain why they were/were not a factor in your decision.

D. Explain the Bias in your decision that was present.

E. Reflect on your decision making process - what did you learn? Was this a good decision, or a bad one? What happened during the decision making process that made it a good/bad decision? What would you do differently next time?

Reference no: EM133681175

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