Question: Suppose you need a math elective to take in order to graduate. There are five different courses you could take. You call one friend and,
Suppose you need a math elective to take in order to graduate. There are five different courses you could take. You call one friend and, on the bases of her terrific experiences in one course she earned an A you choose that course. How might one classify this decision making process? Cole would caution that the person you sought advice might have a hidden agenda and gives the decision maker limited information.
Escalation of
commitment
Rational decision
making
Unbounded rationality
Bounded rationality
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