The normative model of rational decision making is
A maximization of expected subjective utility
B the availability heuristic
C satisficing
D loss aversion

Answers

Answer 1

The normative model of rational decision making is based on the assumption that decision makers are rational and seek to A). maximize their expected subjective utility.

This means that decision makers will choose the option that provides the greatest expected benefit or outcome, taking into account the probability of each possible outcome and their subjective preferences.

The normative model is prescriptive in nature, meaning that it provides a guide for how decisions should be made in an ideal world. In practice, however, decision makers may not have perfect information or may be subject to biases and heuristics that affect their decision making. These limitations can lead to deviations from the normative model.

The availability heuristic, for example, is a cognitive shortcut that involves making decisions based on the ease with which relevant examples come to mind. This can lead to biases and errors in judgment, as information that is more readily available may not be representative of the true probabilities or outcomes.

Satisficing is another approach to decision making that involves choosing the first option that meets a minimum threshold of acceptability, rather than maximizing expected utility. This can be a more realistic and practical approach in situations where the costs of gathering information or searching for better options outweigh the potential benefits.

Loss aversion refers to the tendency for people to be more strongly motivated to avoid losses than to achieve gains. This can lead to risk aversion and a reluctance to take actions that could potentially result in losses, even if the expected value of the action is positive according to the normative model

Therefore the correct option is A.

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Related Questions

prayers out to those in Texas that are going through a tough time .​

Answers

Answer:

yuh

Explanation:

Word Bank
Rocks formed deep
underground while under extreme
temperature and pressure
A. Sedimentary
rock
B. Metamorphic
rock
2.
Rocks formed when super-heated
magma or lava cools and hardens
6. Igneous rock
B.
Rocks formed by the processes of
deposition, compaction, and
cementation

Answers

1. Metamorphic rock
2. Igneous rock
3. Sedimentary rock

Saang bansa nagmula ang salitang "buhay"
(What country does the word "life" come from?)

Answers

Answer:

nag mola sa

Bihar

Explanation:

Nabasa kolang po

What will do if you be an an engineer and why ?

best will get the brainliest answer+Thanks..
plz plz help..​

Answers

Answer:

Well of you be an engineer then there are many profits; I mean to say that if you work hard in that Course than you would get a lot of money, Praises from the people and many more...

I could say this because My brother is an Engineer


What do you mean by secularism ​

Answers

Answer:

What is secularism?

noun. secular spirit or tendency, especially a system of political or social philosophy that rejects all forms of religious faith and worship. the view that public education and other matters of civil policy should be conducted without the introduction of a religious element.

help if u want use the golden rule treat others the way you want to be treated lol

Answers

Answer:

lol what? oof not enough letters

Would love to help but.. more explanation please? Maybe can we see THE FULL QUESTION—

what is good governance?
give me short answer plz

Answers

Answer:

In international development, good governance is a way of measuring how public institutions conduct public affairs and manage public resources in a preferred way. Governance is "the process of decision-making and the process by which decisions are implemented (or not implemented)".

Explanation:

Please give thanks to all my answers and please mark as brilliant and please follow me

Aqua culture helps people in south and south east Asia to create a new food source by raising ______ in farms.
A)cattle
B)fish
C) birds
D) reptiles

Answers

Answer:

Fish

Explanation:

WHOEVER IS RIGHT I PROMISE ON EVERYTHING I LOVE I WILL GET YOU 50 POINTS.!!!!!!Please help

Answers

executive - establishing foreign policy’s regarding Russia

judicial - ratifying a trade agreement between the united states and canada

legislative - interpreting a treaty...

Answer:

I think is Ratififying a trade... - legislated branch

Establishing forge in policy - executive branch

Interpreting a treaty - judicial branch

Explanation:

Which of the following BEST defines the word unalienable?

A.
easily given away
B.
unable to be taken away
C.
difficult to understand
D.
earned, but not owed

Answers

Unalienable is something that can’t be given or taken away. If it was process of elimination I would say the answer is D

If the direction of the net force acting on an object is opposite to the direction of movement, the object will speed up

Answers

Answer:

Centripetal force causes an object in circular motion along a straight path. Unbalanced forces can cause an object in motion to accelerate. If the direction of the net force acting on an object is opposite to the direction of movement, the object will speed up,.

Explanation:

pls help

1. Being rich in natural resources, yet poorer than many countries with less resources is known as the

a.command fallacy
b.market curve
c.paradox of populations
d.resource curse
e.oil enigma

2. Historically, what has provided the economic base for Nigeria?

a.forestry
b.agriculture
c.tourism
d.telecommunications
e.petroleum

3. Which of these has helped cause the resource curse of Nigeria?

a.drop in tourism
b.government corruption and an overdependence on oil
c.a shrinking population
d.drop in the telecommunications market
e._an increase in cocoa bean production

4. Which of these is true of the Nigerian economy?

a.It has been immune to the paradox of plenty.
b.It has been further devastated by the group Boko Haram.
c.It has always maintained a healthy balance between agriculture and oil production.
d.It has never relied on agriculture.
e.It is hindered by a small population.
5. Nigeria is located in

a.East Africa
b.West Africa
c.Western Europe
d.Southeast Asia
e.Asia

Answers

Answer:

The answer is b. West Africa

HURRY!!!!! 100 POINTS AND BRAINLIST FOR FIRST ANSWER!!!!!!! Please name two ways not just one



Daily Learning Target: What are two ways in which
geography affects the location of economic
activities?

Answers

Answer:

Transportation costs, agricultural productivity

Explanation:

transportation cost can greatly affect how the economy flows if its too expensive to trade around the world. Also, the ability to produce agriculture can also greatly affect the economy. if they can produce it turns back to transportation if they can't it turns to what means they use to make money and have jobs, along with feeding their population. hope this helped!

what is sample survey?​

Answers

Answer:

Simple Survey is a 100% native Salesforce application most frequently used to measure customer satisfaction.

Which part of the US government has the greatest authority in setting foreign policy?

Answers

Answer:

The President's Cabinet

Hope it helps you!!!

Answer:

Explanation:

the President's Cabinet

How often does it rain in the
Arabian Peninsula?

Answers

Answer:

Across the Arabian Peninsula, the mean annual rainfall is less than 200 mm, thus classifying the climatic conditions of the Peninsula as semi‐arid, arid and hyper‐arid ) However, the rainfall in the southwest of the Peninsula ranges from 200 to 400 mm

Explanation:

Coastal regions and some highlands, however, are subject to high summer humidity, with dew and fog at night or early morning. Rainfall throughout the desert averages less than 4 inches (100 mm) a year but can range from 0 to 20 inches (0 to 500 mm).

sorry if wrong

have a good day :)

Answer:

The rainfall amount is very low generally around 100 mm (3.9 in), and the driest areas can receive between 30 and 40 mm (1.6 in) of annual rain.

Explanation:

What is the significance of selling tickets to most professional sports teams
IT is a major source of the operation budget
IT is the best way to market promotions to fans
It is mostly done through a secondary market ticketing service
IT is not as important as the performance of the team on the field

Answers

Answer:

Lesson 3 Ticketing unit 2 sports

1.A

2.D

3.B

Explanation:

IT is a major source of the operation budget is the significance of selling tickets to most professional sports teams. Thus, option (a) is correct.

What is team?

The term team refers to the collection of people with in a one aim. A team members are achieve goal with help of all members. The team is create mostly in sports and management. The all team members are achieve common goal. There are different types of team such as operational team, virtual team, management team, and event team.

The professional sports teams are the ones playing the sports in the stadiums. The stadiums are the crowds of the public. The team organizers are the people who sell the tickets, which is the main motive to increase the revenue of the operation budget. The selling of the tickets to the fans generates the operating budget.

As a result, the major source of the operation budget is the significance of selling tickets to most professional sports teams. Therefore, option (a) is correct.

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what kind of rules has to be improved in sociaty?Write with example​

Answers

Answer:

Answer:

For example: 1) The the judicial laws and regulations should be updated in the gap of some years in order to prevent the flaws in those laws and regulations. 2) The rules related with the political sectors are also need improvements in order to prevent the core political corruption.

How do you see the effectiveness of the government in dealing with various issues about the educational system in the country ?

Answers

Answer: The government understands that education is vital for the future, so they make much investment in it both in materials and ensuring the right persons are involved in the growth and future of the country

Explanation:

Education is the future of our generation. A society that's not educated can't transition or manage the future. I see the effectiveness of the government coming into play by reviewing the sector and look at ways of improving the system. The government understands that education is vital for the future, so they make much investment in it both in materials and ensuring the right persons are involved in the growth and future of the country

Helppppppppppppp!!! :((((

Answers

B., Latin American education is constantly improving (hope it helps:)

up Manifest Destiny was positive for all of the following except two below:

Homesteaders

American government

Native Americans

Slaves

Business owners​

Answers

Answer:

Slaves

Native Americans

Explanation:

Slaves and Native Americans

Georgian Eugene Bullard helped bring an end to World War I as the world's first
heritage
of African

Answers

Answer:

The answer is A.Combat Pilot

Explanation:

I just did the test and because i already learned it So how are y'all today^^

Why was James Forten job so dangerous

Answers

Answer: If any shot from British ships hit the gunpowder, James would be instantly killed in the resulting explosion.

Explanation:

points related to refugee problem in India immediately after independence.

Answers

Answer:

Settlement and food.

Explanation:

Refugee problem was one of the major problem experienced by India immediately after its independence in 1947 because in that year millions of refugees migrated from Pakistan to India. So there is a lot of resources needed to fulfill their needs such as land for their settlement and food etc which requires large amount of money and we know that at that time financial condition of the country was not good enough to support refugee problem.

Which of the following was an effect of the printing press?

A.
Literacy declined because few people could afford the new books.

B.
Censorship increased because the church did not like the material that was being printed.

C.
Books were concentrated in areas where people could afford to print them.

D.
Printing became quicker but more costly.

Answers

Answer:

A

Explanation:

The printing press was the most important invention in human history. It ushered in the enlightment age.

"Be respectful at home, serious at work, faithful in human relations. Even if you go to uncivilized areas, these virtues (good qualities) are not to be abandoned."

Which belief system's teachings are being referred to in this quote?

Buddhism
Taoism
Legalism
Confucianism

Answers

Answer: Confucianism

Explanation: "The code of behavior he taught revolved around five relationships: 1) Ruler and subject 2) parent and child 3) husband and wife 4) sibling and sibling, 5) friend and friend. Confucius believed these relationships would be harmonious if people involved were loyal, courteous, honest, faithful and obedient to those in authority."

As per  the given quotation the belief system’s teaching which are referred to comes under Confucianism. Hence, option D is correct.

What is the belief system?

The term belief system is used to denote the belief that one carries about anything. It can be either culture, religion, relationships, ethics, and many more.

Most of the time, the belief system is developed either with the help of family, friends, or with the connections with whom a person is connected.

A person perceives a particular belief system because of the teachings that are learnt by a person from a mentor or someone who is following some virtues that are considered good qualities that come under Confucianism.

As per the given quotation, when a person learns to be respectful at home, serious at work, and faithful in human relationships in any of the civilized areas, they come under the good qualities that are to be followed by everyone at each and every stage of life.

Therefore,  option d is correct.

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What is the correlation between investing in human capital and literacy rate?

Answers

Answer: The link between literacy skills and economic growt

Explanation:

That study found that investment in human capital, that is, in education and skills training, is three times as important to economic growth over the long run as investment in physical capital, such as machinery and equipment.

Nigeria employs a federal presidential democracy. What does this mean?

A.Nigeria’s leader is the prime minister who is elected through a direct vote by the citizens; Power is shared between the central and local governments.


B.Nigeria has an autocratic government; the central government has all the power.


C.Nigeria’s leader is the president who is elected through a direct vote by the citizens; The central government has all the power.


D.Nigeria’s leader is the president who is elected through a direct vote by the citizens; Power is shared between the central government and the local governments.

Answers

Answer:

A I pretty sure

Explanation:

please help me please please please​

Answers

Would love to help out with this but I can’t understand it! If maybe you can translate it I’ll answer

How was Greek society organized politically? What were the most important city-states?

Answers

Answer:

Greece is a parliamentary representative democratic republic, where the President of Greece is the head of state and the Prime Minister of Greece is the head of government within a multi-party system. Legislative power is vested in both the government and the Hellenic Parliament.Some of the most important city-states were Athens, Sparta, Thebes, Corinth, and Delphi. Of these, Athens and Sparta were the two most powerful city-states.

In ancient Greece, the social system started off fairly simple. Athenian society was ultimately divided into four main social classes: the upper class; the metics, or middle class; the lower class, or freedmen; and the slave class. The upper class consisted of those born to Athenian parents.

Explanation:

:)

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