What makes the phenomena reproducible

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Question 1) Give an example of a situation where Bernoulli's use of expectation gives an unreasonable answer. Make sure to come up with an example that is not in the book.

Question 2) Use a few sentences to explain the relationship between the endowment effect and loss aversion.

Question 3) This question focuses on the idea that a scientific inquiry needs to address objective phenomena that can be systematically reproduced. Kahneman presents many different examples of research on decision-making. Select one experiment described by Kanheman in this week's readings and explain the following.

1. What makes the observations objective? .

2. What makes the phenomena reproducible?

Reference no: EM133600860

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