The decision theory model accepts the notion of bounded rationality and suggests that people act only in terms of what they perceive about a given situation. organizational management rational potential investment scientific behavioral

Behavioural decision theory model

Explanation:

Behavioural decision theory model can be define as the way in which people makes decisions about situations because of what they think or felt about the situation.

Some people tend to always make decisions under different conditions or circumstances depending on how the condition or situation is which is why people act only in terms of what they perceive about a given situation and in some cases our values, personality and the risk involved may often influence the decision we make or the way we make decisions.

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