What are the limitations of rational decision-making?
An example of an AI chatbot conversation about the constraints of rational decision-making.
What are the limitations of rational decision-making?
Rational decision-making assumes that individuals have complete information and can process it logically. However, this is often not the case.
Can you give me some examples of these limitations?
Sure! Some limitations include cognitive biases, emotional influences, and the inability to predict future outcomes accurately.
How do cognitive biases affect decision-making?
Cognitive biases can lead to systematic errors in judgment, causing individuals to make decisions based on flawed reasoning or incomplete information.
What can be done to mitigate these limitations?
To mitigate these limitations, one can seek diverse perspectives, rely on data-driven approaches, and be aware of personal biases.
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