Models of Decision Making

Models of decision making provide frameworks to understand how individuals or groups choose among options. The rational model suggests we make decisions by weighing pros and cons logically. The bounded rationality model acknowledges that our decisions may be limited by the information we have and the time we take. The intuitive model emphasizes gut feelings or instincts in choices, often based on past experiences. Lastly, the participative model involves input from multiple people, leveraging diverse perspectives. Each model reflects different ways individuals approach problems and arrive at conclusions in everyday life.