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Compare and contrast the Rationale Decision Making Model and the Bounded Rationality Model (also called the Normative Model). How are they different? Which one is more realistic for organizational decision making and why?
Question description
Answer these two questions:
1. Compare and contrast the Rationale Decision Making Model and the Bounded Rationality Model (also called the Normative Model). How are they different? Which one is more realistic for organizational decision making and why?
2. What is meant by the Representativeness Heuristic? Give an example of a decision scenario where you might fall victim to this heuristic. What about the situation makes this likely?
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