Expected Utility: -Cons: Requires complete(a) information. Cant further a single attri only ife -Assumes weights argon static. Just because something is in-chief(postnominal) to you now, doesnt mean it will be in the coming(prenominal) as comfortably Descriptive Models: * Homework: What counts for reckon or less than idealized conditions in decision- qualification? * Herbert Simon- Still stated that globe are smarter than animals. mass cant be perfect decision makers, but they mean well. People mean well because they require to increase their well-being or welfare. - Gerd Gigerenzer- Spent his intact life proving spring rationality is genuine -If you believe jump rationality is real and were allowed to make mistakes, how do we pay off our mistakes? Its very hard to notice that were making a mistake. psychical Model: -We take the world and we signifier little, simplified fabrics of creation depending on how we experience life overtim e to make decisions -You fagt need to build a utility function. It fits the mental model of being wrong.
- Could be erroneously applied- brush wolf in PEI Park, mistaken for a dog- can lead to your remainder Dominance: Your mental model convinces you that what youre seeing is short normal Recognition: You pick issue something being off, but you cant figure out what exactly it is. Compromise: You think person is trying to finesse you - Because were accustomed to seeing the narration in movies, videos our head works that way too. Our memories are flawed - Hindsight deviate: Things are obvious after they happen. We tend to recode things as something we predicted beforehan d. -Primacy attributes. -Recency- altern! atives/measures -Brian WansinkIf you want to get a full essay, order it on our website:
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