What are the benefits of mathematical models?
Answer to relevant QuestionsList and briefly describe Simon’s four phases of decision making.Define rational decision making. What does it really mean to be a rational decision maker?Why do some people claim that the choice phase is the point in time when a decision is really made?Why is intuition still an important aspect of decision making?Some experts believe that the major contribution of DSS is to the implementation of a decision. Why is this so?
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