“…Bounded rationality models specify six common steps (antecedent conditions, recognizing the opportunity to make a decision, judgment and interpretation of the problem, surveying alternatives, action, and reflection) (McFall, 2015), procedural rationality -five steps (setting goals, gathering information, decision structuring, making a final choice, and evaluating) (Galotti, 2002). Information processing theories present three continuous processes (inputs, processing, and outputs) that allow human experience compared to the metaphor of a computer (McFall, 2015), and indicates that decision making includes at least four phases (an input phase, a processing phase, an output phase, and a review phase) (Huitt, 1992). These classic economic models seek to explain not the process by which those choices are generated, but an individual's evident choices, and could be called "as if" models (Kable & Glimcher, 2008).…”