Pitfalls in the assumption of rational human decision making

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Reference no: EM132198282

Aging chains are used to model the situation when

A Modeling a capital under construction.

B The mortality rates of the individuals in the stock are age-dependent.

C The mortality rates of the individuals in the stock are age-independent.

D The factor intensity of new capital is positive.

Aging chains are widely used to capture the -------------------------- structure of a population.

Coflows are used to keep track of the ------------------------- of the items in a stock and flow network.

Coflows are useful in situations where

A. The quality and quantity of items in stock do not impact the decision making

B. The quality, but not the quantity, of items in stock impact the decision making

C. The quality and the quantity of items in stock affect the decision making.

D. The quantity, but not the quality, of items in stock impact the decision making

What are the pitfalls in the assumption of rational human decision making?

Reference no: EM132198282

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