Specific types of rational decision making models Bounded rational decision making models A decision maker is said to exhibit

bounded rationality when they consider fewer options than are actually available, or when they choose an option that is not "the best overall" but is best within the current circumstances. E.g., someone spills coffee on a shirt in a restaurant, and goes next door and buys a poorly fitting shirt to change into immediately. Obviously it would be optimal to buy a proper fitting shirt. But if the person is in a hurry and cannot wear a wet, coffee stained shirt, then buying the poorly fitting one is appropriate. This is called satisficing. Vroom-Jago decision model This model originally was created by Vroom and Yetton in 1973 and later modified by Vroom and Jago. Basically there are five situations for making decisions, from a single individual making the decision, to an individual making the decision with varying amounts of input from the rest of the group, to the whole group making the decision. The Vroom-Jago decision model has a series of seven yes/no questions that elicit the important criteria and indicate which of the five decision-making processes is the most appropriate.