COMM 3331 MIDTERM QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED
decision Ans✓✓✓a response to a situation that is composed of 3 parts:
more than one possible course of action.
decision maker can form expectations and outcomes following each
course of action.
consequences associated with the possible outcomes can be assessed on
an evaluative continuum determined by current goals and personal
values
how is decision making a skill? Ans✓✓✓it is learned that can be
improved with experience
automatic thinking Ans✓✓✓system 1, requires little thought and is
"always on"
controlled thinking Ans✓✓✓conscious, intentional, voluntary, effortful
bounded rationality Ans✓✓✓Cognitive limitations that constrain one's
ability to interpret, process, and act on information
what does quality of choice depend on? Ans✓✓✓potential outcomes,
probabilities of outcomes, their values to the decision maker at the time
the decision is made
, four criteria of rationality Ans✓✓✓based on decision maker's current
assets.
based on possible consequences of the choice.
likelihood of consequences evaluated according to the rules of
probability theory.
choice that is adaptive within the constraints of those probabilities and
the values of satisfactions associated.
habit in terms of rationality and decisions Ans✓✓✓choosing what is
chosen before
conformity in terms of rationality and decisions Ans✓✓✓choosing
what other people choose
cultural mandates in terms of rationality and decisions
Ans✓✓✓choosing what we are told to choose
what makes a decision maker irrational? Ans✓✓✓failing to pursue his
or her own goals coherently
what is incomplete thinking? Ans✓✓✓focusing on only part of the
decision tree or failing to include relevant outcomes
VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED
decision Ans✓✓✓a response to a situation that is composed of 3 parts:
more than one possible course of action.
decision maker can form expectations and outcomes following each
course of action.
consequences associated with the possible outcomes can be assessed on
an evaluative continuum determined by current goals and personal
values
how is decision making a skill? Ans✓✓✓it is learned that can be
improved with experience
automatic thinking Ans✓✓✓system 1, requires little thought and is
"always on"
controlled thinking Ans✓✓✓conscious, intentional, voluntary, effortful
bounded rationality Ans✓✓✓Cognitive limitations that constrain one's
ability to interpret, process, and act on information
what does quality of choice depend on? Ans✓✓✓potential outcomes,
probabilities of outcomes, their values to the decision maker at the time
the decision is made
, four criteria of rationality Ans✓✓✓based on decision maker's current
assets.
based on possible consequences of the choice.
likelihood of consequences evaluated according to the rules of
probability theory.
choice that is adaptive within the constraints of those probabilities and
the values of satisfactions associated.
habit in terms of rationality and decisions Ans✓✓✓choosing what is
chosen before
conformity in terms of rationality and decisions Ans✓✓✓choosing
what other people choose
cultural mandates in terms of rationality and decisions
Ans✓✓✓choosing what we are told to choose
what makes a decision maker irrational? Ans✓✓✓failing to pursue his
or her own goals coherently
what is incomplete thinking? Ans✓✓✓focusing on only part of the
decision tree or failing to include relevant outcomes
