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What Are Examples of Rational Decision Making Models?

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Rational decision-making models are designs and plans of action that presumably benefit any person following them. These models involve a person following through with steps regarding decision-making until they reach a desirable result. Rational decision-making models vary in the number of steps they have. While some of these models have six steps others rely on more than a dozen.

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Rational thinking models basically start and end the same way, no matter the simplicity or complication of the steps involved with these models. The first step in rational decision-making is to identify and define a situation or circumstance for using the model. After clearly defining a reason for action, gathering information to create options is normally the next step. Of course, taking action follows the steps of identifying circumstances, gathering information and weighing options. The result is an overall assessment of how effective decision-making process works.

Along with spotting and correcting a problematic situation, rational decision-making models often make a good situation even better. Sometimes, rational decision-making models include steps such as generating and evaluation alternatives to original plans of action. No matter how many steps they have, rational decision-making models help people decide on the best choice available to them.

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Sources:
decision-making-confidence.com
boundless.com

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