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unit-assessment-1

This is 5 questions please answer separately

QUESTION 1

  1. Explain what boundaries are and why they are important in decision-making.

    Your answer must be a minimum of 75 words in length.

QUESTION 2

  1. Define System 1 and System 2 thinking. Explain how they are relevant to decision-making.

    Your answer must be a minimum of 75 words in length.

QUESTION 3

  1. Explain what an alternative is and why it is important to decision-making.

    Your answer must be a minimum of 75 words in length.

QUESTION 4

  1. Describe the three forms of overconfidence, and give examples of how overconfidence has caused some bad historic decisions.

    Your answer must be a minimum of 300 words in length.

QUESTION 5

  1. Explain rational decision-making, and briefly discuss the six steps needed to achieve rational decision-making.

    Your answer must be a minimum of 300 words in length.

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