Unit III Assessment
Discuss your most recent decision to purchase a major item (entertainment center, automobile, home, etc.). In what way did the acquisition utility or the transactional utility come into play for you?
Conduct an Internet and literature search on the topic of the expected-value decision rule. Discuss your findings. In your discussion, review how the expected-value decision rule played a part in a recent decision you made.
Conduct a literature and an Internet search on the topic of the Challenger space shuttle disaster. Discuss how the decisions made that fateful day may have been influenced by framing on the part of both the NASA engineers and the engineers at Morton-Thiokol. Cite your textbook and at least one additional source.
Conduct an Internet and literature search on the topic of joint versus separate preference reversal. Discuss your findings. In your discussion compare and contrast joint and separate preference reversal.