2 pages (500 words)
, Download 1
... Making and al Affiliation Department How Rational Can a Human Decision Maker be?
In human beings, decision-making is an inevitable and a fundamental activity. From the classical point of view, human decisions are viewed as being highly rational and self-centred with regards to mathematics and economics. Economically, humans rational economic beings while mathematically, humans have to conceptualize each decision making process as involving two or more options separated by time and space. However, this classical view is limited by numerous factors that eventually result in biasness in human decisions, paving way for hopeless and relentless irrational decision-makers. Consequently, modern day deci...