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Rational Decision Making Model: Improving Decisions

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Consider the last decision that you have made (purchase of an automobile, purchase of a home, seeking a new job, etc.). Then, discuss that decision in terms of the rational decision making model. How could you have improved your decision?

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Solution Summary

A discussion regarding the rational decision making model and a specific example of purchasing a car using the model. 346 words, 1 reference.

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The last decision I made was to purchase a new car. Using this example, the steps I followed are similar to those of the a rational decision making model. One version of a rational decision making model is one that has six steps. This model was taken from Scribd (2013).

The Six-Step Rational Decision-Making Model
1.Define the problem.
2.Identify decision criteria
3.Weight the criteria
4.Generate alternatives
5.Rate each alternative on each criterion
6.Compute the optimal decision

I will illustrate my decision making at ...

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