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  2. Bounded rationality - Wikipedia

    en.wikipedia.org/wiki/Bounded_rationality

    Limitations include the difficulty of the problem requiring a decision, the cognitive capability of the mind, and the time available to make the decision. Decision-makers, in this view, act as satisficers , seeking a satisfactory solution, with everything that they have at the moment rather than an optimal solution.

  3. Rational planning model - Wikipedia

    en.wikipedia.org/wiki/Rational_planning_model

    The rational model of decision-making is a process for making sound decisions in policy making in the public sector. Rationality is defined as “a style of behavior that is appropriate to the achievement of given goals, within the limits imposed by given conditions and constraints”. [4]

  4. Recognition-primed decision - Wikipedia

    en.wikipedia.org/wiki/Recognition-primed_decision

    Recognition-primed decision (RPD) is a model of how people make quick, effective decisions when faced with complex situations. In this model, the decision maker is assumed to generate a possible course of action, compare it to the constraints imposed by the situation, and select the first course of action that is not rejected.

  5. Cross-cultural differences in decision-making - Wikipedia

    en.wikipedia.org/wiki/Cross-cultural_differences...

    Decision-making is a mental activity which is an integral part of planning and action taking in a variety of contexts and at a vast range of levels, including, but not limited to, budget planning, education planning, policy making, and climbing the career ladder. People all over the world engage in these activities.

  6. Planning - Wikipedia

    en.wikipedia.org/wiki/Planning

    In many countries, the operation of a town and country planning system is often referred to as "planning" and the professionals which operate the system are known as "planners". It is a conscious as well as sub-conscious activity. It is "an anticipatory decision making process" that helps in coping with complexities.

  7. Decision-making - Wikipedia

    en.wikipedia.org/wiki/Decision-making

    Sample flowchart representing a decision process when confronted with a lamp that fails to light. In psychology, decision-making (also spelled decision making and decisionmaking) is regarded as the cognitive process resulting in the selection of a belief or a course of action among several possible alternative options.

  8. Decision theory - Wikipedia

    en.wikipedia.org/wiki/Decision_theory

    The mythological Judgement of Paris required selecting from three incomparable alternatives (the goddesses shown).. Decision theory or the theory of rational choice is a branch of probability, economics, and analytic philosophy that uses the tools of expected utility and probability to model how individuals would behave rationally under uncertainty.

  9. Decision-making models - Wikipedia

    en.wikipedia.org/wiki/Decision-making_models

    Decision-making as a term is a scientific process when that decision will affect a policy affecting an entity. Decision-making models are used as a method and process to fulfill the following objectives: Every team member is clear about how a decision will be made; The roles and responsibilities for the decision making