Exam 14: Decision Making

Sally finds a dress for the prom that satisfies all her criteria, but she decides to look further. When she returns, her favorite dress is gone. Which decision strategy should she have used?

Cultural differences among nations primarily show differences in

A normative procedure for combining probabilities and values is called

An application of the availability heuristic to mood by Blaney (1986) indicates that

Two factors that influence the representativeness heuristic are

States have increased the sale of lottery tickets by

Which model combines the attractive and unattractive attributes to arrive at a total score for each alternative?

A normative procedure for combining probabilities and values is called a decision frame.

Expected value is the average value of the expected outcomes.

Reasoning with frequencies is easier than reasoning with probabilities.

Pennington and Hastie's jury model of decision making is based on

Most decisions are made under conditions of uncertainty. One implication of this statement is that

Use the example of purchasing a cell-phone plan to develop another example of how the faming of a situation influenced your choice.

Which of the following is an example of a compensatory model?

The representativeness heuristic is related to

Explain the difference between subjective probability and subjective expected utility. How do they improve on expected value in decision making?

Payne found that increasing the number of alternatives in a choice task caused people to initially use

Payne found that as people eliminated alternatives in a choice task they shifted from

The Recognition-primed decision model

In action-based decision making, one typically creates a story model.