Rational Choice Theory: Rational choice theory assumes that individuals make decisions by weighing the costs and benefits of different options to maximize their own self-interest.
Groupthink: Groupthink is a phenomenon that occurs when group members prioritize reaching consensus over critically evaluating alternatives. It can hinder effective decision-making by limiting diverse perspectives.
Risk Assessment: Risk assessment involves identifying potential risks or uncertainties associated with different choices before making a decision. It helps in understanding possible outcomes and their probabilities.