Rational Decision-Making Models Free Essay Example, 2250 words

Rational decision-making models place emphasis on the use of information in an effort to evaluate different alternatives that can serve as a potential solution to the problem. However, this means that rational models often assume that decision-makers have access to sufficient information on evaluating the alternatives. However, the reality is that decision-makers lack access to all the relevant information and knowledge of the facts that surround problems. There is evidence that decision-makers cannot gather enough information that can make them analyze the future consequences of a certain alternative. Therefore, rational decision-making models cannot allow decision-makers to settle for the optimum solution. According to the bounded rationality theory, it is impossible for a decision-maker to identify the optimum solution because the available information is often limited. In addition, decision-makers do not have sufficient time to analyze different alternatives and their consequenc es. As highlighted by De Vos (n. d, p. 440), the emphasis on rationality is contrary to the real capacity of human beings to use their cognitive abilities. Therefore, the level of rationality only depends on the cognitive ability of the decision-makers. This means that a rational decision to one individual may represent the worst option for another individual. We will write a custom essay sample on Rational Decision-Making Models or any topic specifically for you Only $17.96 $11.86/pageorder now Actually, several human factors serve as limitations for effective rational decision-making. Therefore, many leaders following this model may end up making poor decisions based on their perceptions of economic and social factors and their personal ethics. Without doubt, human beings are unable to achieve rationality of a high level because biases and personal beliefs often cause illusions hindering rationality and the level of logic. This only means that rational decision-making models have their limits. They may not prove to be dependable in some certain critical situations. McCaughey and Bruning (2010, p. 48) assert that, when a decision-maker allows personal beliefs and biases to overshadow rationality, then the decision made is not rational.