Describe impediments that faced when making decision

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Question 1: Would you flip a coin for the chance of winning two dollars? What if you were given a dollar and offered the chance to flip a coin to either gain a second dollar or lose the first? Which wager seems more appealing-the first or the second?

Far more people choose the first wager than the second. Both scenarios have exactly the same probability of outcomes: a 50% chance of ending up with nothing, and a 50% chance of ending up with two dollars. Why might the first wager appeal to people? Do we always make the best possible decision?

Impediments are factors that can hinder decision-making. While they often vary by situation, common impediments exist that might influence decision-making in general.

In this Discussion, you explain a difficult decision you have made. You also describe impediments that you faced when making this decision, as well as common decision-making impediments.

Reference no: EM132937531

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