Abstract
In this chapter, the way people consider possibilities in decision making are unpacked and explored. It begins by outlining the concept of rational choice – what a decision maker ought to choose. Specifically, it discusses how, for a given decision, a rational choice can (or cannot) be determined. Whether people often make rational choices, and what can be done to shift people toward making rational choices more often. The chapter also portrays decision making in a human light: explaining how defining a rational choice and the decision process are constrained by human biology and behavior. The steps required to make a decision are delineated, and at each step, it is briefly discussed when and how people can diverge from what they ought to be doing or choosing. The chapter closes by discussing how people evaluate decisions after they have made them and the factors that affect the evaluation.
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Białek, M., Domurat, A., Meyers, E.A. (2021). Decision-Making. In: The Palgrave Encyclopedia of the Possible. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-98390-5_157-1
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DOI: https://doi.org/10.1007/978-3-319-98390-5_157-1
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