Question 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 2
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
Explain what boundaries are and why they are important in decision-making.
Your answer must be a minimum of 75 words in length.
Question 4
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
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.