The description of characteristics of nonrational models of decision making can be simply stated as Models that describe how managers actually make decisions.
- Decision-making can be explained as cognitive process which is one of the result of selection of a belief or option out of several possible alternative options.
- One of the models of decision making is Non-Rational models.
- Non rational can be described as terms that explained heterogeneous classification of decision set up to overcome problems that is associated with rational” theories.
- This model stressed that a real situation will always be available for decision-making.
- Non-Rational models helps to understand incomplete knowledge as regards outcomes of various alternatives.
- Non-Rational models are usually associated to managerial judgment as well as intuition and personal biases.
- Non rational model helps the manager to be effective in making their decision.
- Other decision making models are;
- Rational decision making model
- Administrative
- Retrospective Decision Making Models.
Therefore, non rational model helps in decision making by the managers.
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