What does complete rationality suggest about decision making?

Complete rationality in decision-making posits that individuals will make choices by considering every possible criterion and alternative available to them. This concept is based on the premise that decision-makers are fully informed, have the ability to process all relevant information, and can logically evaluate any situation to reach the best possible outcome. By considering every criterion, individuals can weigh the pros and cons of each alternative comprehensively, ultimately leading to the most effective decision.

In contrast, the other options do not align with the complete rationality model. Relying solely on past experiences can limit creativity and the exploration of new alternatives. Making decisions swiftly without much consideration contradicts the thorough evaluation inherent in complete rationality. Lastly, focusing only on minority perspectives overlooks the value of a comprehensive analysis that includes diverse viewpoints, which is essential for informed decision-making.