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Question

What is not an assumption underpinning the rational decision making model ?

This question was previously asked in
MH SET 2023 Paper 2 Computer Science and Applications Question Paper (26-Mar-2023)
The correct answer is

Incomplete information

The rational decision making model assumes that the decision maker faces a clearly structured problem, agrees on a specific goal, knows all the alternatives and their consequences, and works in an environment of high certainty. The best alternative is then chosen to maximise the outcome.

An agreed goal, a structured problem and a high level of certainty regarding the environment are therefore all assumptions of this model. Incomplete information is the opposite of what it assumes; it is the feature of bounded rationality, where decisions are made with limited information.

Hence, the answer is Incomplete information.

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