Rational Decision-Making Model

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Rational Decision-Making Model Introduction The models of rational decision making can be defined as the steps used when making choices that are related to solving public or private problems and creating policies to address them. According to Kraft and Furlong (2013; 118), these steps include the following; define and analyze the problem, constructing policy alternatives, developing evaluative criteria, assess the alternatives, and drawing conclusions. The primary step of the decision making process is to define the problem; meaning, who is the issue affecting, what is the issue, and where does the issue exist. The second part to the first step is to analyze the current circumstances or the status quo while also finding out what are the primary causes of the problem and how they can be address by policy action (Kraft and Furlong, 2013). The second step is to construct policy alternatives, outlining what notions or possibilities are a viable solution for the particular issue. The third step is to develop evaluative criteria this is finding out the best practical resolutions for the problem. During this step the possible cost involved, the level of effectiveness and political feasibility are also discussed. The fourth step is to assess the alternatives; by this stage in the process it has been decided that the problem will be confronted and determining which policy would be the favorable considering all situations. The fifth step is to draw conclusions; what other influences ought to be assessed and which course of action is the most probable based on the existing knowledge (Kraft and Furlong, 2013). There are several advantages and disadvantages to the rational decision-making model. Some of the most common advantages of t... ... middle of paper ... ...s: http://www.governing.com/gov-data/economy-finance/minimum-wage-workers-by-state-statistics-2013-totals.html Kraft and Furlong. (2013). Public Policy Politics, Analysis and Alternatives. Washington DC: Sage. Levin-Waldman, O. (2011). From a Narrowly Defined Minimum Wage to Broader Wage Policy. Review Of Social Economy, 77-96. Miller, C. &. (2013). The impact of surplus skills on earnings: Extending the over-education model to language proficiency. . Economics Of Education Review, 36263-275. U.S. Bureau of Economic Analysis. (n.d.). Retrieved March 1, 2014, from Bureau of Economic Analysis: http://www.bea.gov/about/BEAciting.htm United States Department of Labor. (n.d.). Retrieved March 1, 2014, from Bureau of Labor Statistics: http://www.bls.gov/cps/minwage2011.htm White House. (n.d.). Retrieved March 1, 2014, from whitehouse.gov: http://www.whitehouse.gov

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