What is RATIONAL DECISION MAKING APPROACH?

A rational decision making approach is a methodical approach in which data that has been obtained through observation or statistical analysis or modeling is used in making decisions that are long-term.

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Related Legal Terms

CONSULTATIVE DECISION MAKING, CONSUMER DECISION MAKING, SCIENTIFIC DECISION MAKING, DECISION MAKING, DECISION MAKING MODEL, DECISION ANALYSIS, RATIONAL EXPECTATIONS HYPOTHESIS (REH), RATIONAL CHOICE, MARKET APPROACH, SYSTEMATIC APPROACH


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