ISSN 2756-3308
African Journal of Estate and Property Management ISSN 9671-8498 Vol. 6 (2), pp. 001-002, February, 2019. © International Scholars Journals
Short Communication
Anti-rational decision making
Ali Abdollahi Neisiani
College of Management, Imam Sadiq University (a.s), Chamran Highway, Tehran, Iran. E-mail: [email protected]: (+98) 9127478533. Fax: (+98) 2188080733.
Accepted 19 November, 2018
Abstract
In this research, the situations of university entrance examinations simulate the conditions of decision-making behavior. Based on the analysis of the above information that is empowered by a series of interviews, a new idea about the behavior of human beings in decision-making is developed. "Antirational decision making" expresses that the limitation of rationality could lead to decisions which have worse results than random decisions or even inaction. Antirational decision-making in fact is based on a "logical fallacy” that is accepted (and sometimes believed) by individuals. Special properties of entrance examinations prepare acceptable validity and reliability for our survey.
Key words: Antirational decision making, bounded rationality, rational decision making.