From the information in the case, it appears that both proposals were extremely good. In choosing one over the other, what type of decision-making model did the committee probably use: econologic or bounded rationality? On what do you base your answer? What type of decision-making style, overall, do you think best describes the type used by people on a bank executive committee?

On what do you base this answer? Using Figure 12-4, describe the average member of the committee. Be sure to fully explain your answer.

LO.1