28 Sep Create a decision tree for two activities you could do this weekend (as shown on p. 337-338 of the textbook). Include two actions, several possible events that would affect the value of the decision, probability of outcomes, and utility of outcomes.
PSYC341 Memory and Cognition
Week 4 Discussion
Choose one of the topics below to use for this discussion. Please make sure your initial post is 2-3 paragraphs in length. Feel free to use supporting documentation (other resources) as well.
Option 1
Create a decision tree for two activities you could do this weekend (as shown on p. 337-338 of the textbook). Include two actions, several possible events that would affect the value of the decision, probability of outcomes, and utility of outcomes. Which action would you choose to do? Which action does the analysis suggest that you should choose? Are they the same, and if not, why do you think they differ?
Option 2
Heuristics are cognitive “rules of thumb” that are used to simplify the process of judgement. You read about several types of heuristics in Chapter 11. Define and describe at least three of these heuristics, and give an example of how you have experienced each one in your own life. (Here is an interesting and more complete resource, in addition to the information in your readings–https://thedecisionlab.com/biases/).
Option 3
Are dual-process accounts (discussed in the Evans PDF reading) plausible? Can you think of many examples in everyday life where intuitions (Type 1 reasoning) might come into conflict with reflective (Type 2) reasoning?
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