Question: Optimize, Satisfice, Classical, Behavioral - they all make my brain ache. After reading about these I'm feeling better. I have found that lots of decisions
Optimize, Satisfice, Classical, Behavioral - they all make my brain ache. After reading about these I'm feeling better. I have found that lots of decisions are done in a "certain environment with complete information." Think about purchasing office supplies needed on a consistent yearly basis for any business. What did we call this kind of decision?
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The kind of decision youre referring to where theres a routine or ... View full answer
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