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- Discuss why people seem to not calculate subjective expected utility and value. Excluding playing the lottery, cite examples of where people might make other choices if they did.
- Explain the differences between normative and descriptive models. Using examples, cite the usefulness of each.
In a paper of 1,250-1,500 words, compare compensatory and noncompensatory models as discussed in Chapter 14 of Cognition: Theories and Applications. Describe how a strategy is selected for use.
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- Assignment_ComparingCompensatoryandNon-compensatorymodels.docx
- Discussion2_NORMATIVEANDDESCRIPTIVEMODELS.docx
- Discussion1_subjectiveexpectedutilityandvalue.docx
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