"Theoretical Basis of Decision Making"

Theoretical basis of decision making refers to the frameworks and models that explain how individuals and organizations make choices. It involves understanding the processes of evaluating options, predicting outcomes, and considering factors like risk, goals, and values. Theories may draw on psychology, economics, and sociology to describe how decisions are influenced by logic, emotions, social contexts, and past experiences. By studying these theories, we can better understand why people choose certain paths and how to improve decision-making in personal and professional settings.