Who was one of the first experts to develop the administrative model of decision making?
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The administrative model of decision making assumes that decision makers' rationality is bounded and that they're willing to consider only a limited number of criteria and alternatives before making decisions. As a consequence, they settle for the first 'good enough' solution that they find.
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Explanation:
logical, multi-step modelfor choosing between alternatives that follows an orderly path from problem identification through solution. perfect information:
A situation in which all data that is relevant to a particular decision is known and available to the decision maker.
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