General Studies · Decision Making
The Classical Model of Decision Making is a normative approach that assumes decision-makers act with complete rationality. Which of the following is NOT an assumption of this model?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Decision-makers primarily rely on intuition, personal biases, and emotions.✓
- 2Decisions are made under conditions of absolute certainty.
- 3Decision-makers always aim to maximize utility or economic returns.
- 4Decision-makers possess complete knowledge of all possible alternatives.
Correct answer
Decision-makers primarily rely on intuition, personal biases, and emotions.
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