What is the PrOACT decision making model, identify the eight
elements and give and example for each element? Why do we need to
use a model for decision making and what are some examples?
Compare and contrast The Classical Model of Decision Making
with the Administrative Model of Decision Making (That is, tell how
they are similar and how they are different from each other). It
need to be at least a paragraph long.
Analyse the following case using the AAA decision making model.
What are the ethical theories and principles. Apply codes of ethics
for finance professionals.
You have graduated as a financial adviser and working for a
company with many famous clients. The CEO takes time to mentor you
personally. The CEO invites you to dinner at his place often and
you help him out as a family friend. You are the only person who
knows the CEO’s wife from the firm,...
What is the difference between ‘decision making under
uncertainty’ and ‘decision making under risk?
Provide an example of a decision that involves uncertainty and one
that involves risk.
Describe the Functional Model of Decision Making.
Pick two of the steps in the decision making process and
describe how leaving them out might negatively affect a
decision.
Provide one example of where shared decision making could
influence the cost and quality outcomes for health care and explain
why.
Please provide references.
Q1. Have you used the rational decision-making model to make a
decision? What was the context? How well did the model work? Give
example of your work place.
(You need to provide a convincing and relevant justification for
the points, and it would be better if you can provide real life
workplace examples to support the justification of the points)