2 main types of high effort decision-making rules

The two main types of high effort decision-making rules are compensatory decision rules and non-compensatory decision rules. Compensatory decision rules involve weighing each relevant criterion involved in the decision and aggregating them to determine the best option. This type of decision rule comes into play when there are multiple attributes involved and the decision maker has to balance all of the values associated with each attribute. Non-compensatory decision rules involve making single criteria decisions where the individual attributes are evaluated separately and decisions are made based on one criterion at a time. This implies that each attribute is considered independently of the other criteria and that no weights are assigned to the attributes. This approach is typically used when there are limited criteria to consider and when decisions must be made quickly.