What are the four schemes can be used ? with explanation
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Group Decision Making:
Social decision schemes or rules can predict the final outcome of group decision making on the basis of the individual members’ initial positions
What are the four schemes can be used ? with explanation
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Solved in 2 steps
- 1/- what are the Decision Models? How do the decision models aid, hinder this process and why? 2/- What other decision models are being considered and why?How does decision theory deal with decision-making in situations involving multiple criteria or objectives?Define classical decision theory and behavioral theory of decision making with examples and the pros & cons of group decision making in short.