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Rational decision making

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Reference no: EM133183168

  • Use a personal decision domain of choosing where to live

Part I: Rational Decision Making

  • Choose two decision rules to apply for choice in the domain, and demonstrate how you'd apply the rules and what choice they lead to
  • Why would you use these two rules?
  • Rules must be from this list: Traditional, lexicographic, conjunctive, disjunctive, elimination by aspects
  • What two step rule could you use? How would you apply the two-step process?

Part II: "Irrational" Decision Making

  • Explain two forces that may lead people to choose heuristically (e.g., recognition heuristic, affect heuristic). Explain how those two may lead people to make a choice

Reference no: EM133183168

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