Explain what the normative model of risk assessment

Reference no: EM132055855

Questions -

Question 1 - What are the four basic steps in decision making?

Question 2 - Explain in your own words what probabilistic information is. Give an example.

Question 3 - Explain what the normative model of risk assessment is. Give an example to make your point.

Question 4 - In the previous question you were asked to explain the normative model of risk assessment. But in truth, this is more of a theoretical model. Why don't most people use the normative model in making day-to-day decisions?

Question 5 - What are judgement heuristics? Give two examples.

Question 6 - What are the two factors that determine the availability of information in our memory? Explain what these mean.

1a. What is the factor?

1b. What does that mean?

2a. What is the factor?

2b. What does that mean?

Question 7 - Explain what is meant by optimistic bias.

Question 8 - In the previous question you were asked to explain the optimistic bias. Give two examples of the principle of optimistic bias.

Question 9 - As you know, the result of an HIV test tells you whether you are carrying any antibodies against the HIV virus. Assuming that you have a true negative result, does this test indicate your risk of becoming infected with HIV in the future? (Please read the question carefully. Asking you to explain whether your results could have been a "False Negative").

Reference no: EM132055855

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