Question: what extent do decision-making frameworks, including rational choice theory, prospect theory, and bounded rationality, accurately capture the complexities of decision-making in real-world contexts, and what

what extent do decision-making frameworks, including rational choice theory, prospect theory, and bounded rationality, accurately capture the complexities of decision-making in real-world contexts, and what are the implications for organizational behavior and strategic planning ?

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Decisionmaking frameworks such as rational choice theory prospect theory and bounded rationality offer valuable insights into understanding how individuals make decisions in various contexts However e... View full answer

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