D312 Exam -Questions with 100% correct answers
What does rational decision making mean?
Prescriptive, Based on assumptions about how a decision SHOULD be made, Pick Optimal
choice between alternatives
What are the 6 steps in the Rational Decision Making Process?
1). Problem definition
2). Identify decision criteria
3). Weigh the criteria
4). Generate the alternatives
5). Evaluate the alternatives
6). Select the optimal solution
What are heuristics?
Rules of thumb, simplify the decision making process, but they can result in BIAS'
What are the 3 general heuristics?
1). Availability
2). Representativeness
3). Anchoring and adjustment
How does decision making differ once you introduce the element of cultural variations to
this process? (3 differences)
, 1). Cultural differences in optimization
2). Limits to Rationality
3). Cultural constraints on rationality
What are the categories for cultural differences in optimization?
Who, what, how, and how much time
What are the 2 main limits to rationality?
Bounded and Satisficing
What does the Conflict Model of Decision Making fall under?
Cultural constraints on rationality
What are the 4 categories in the Conflict Model of decision making?
Vigilance, Complacency, Defensive Avoidance (someone else), Hypervigilance (Panicking)
What are the ways in which people make ethical judgments?
Moral Philosophies
What are Moral Philosophies?
Principles used to decide what is right and what is wrong
What are the 3 main categories of Moral Philosophies?
1). Teleology/Consequential Models
2). Deontology/Rule-based Models
3). Cultural Relativism
What does rational decision making mean?
Prescriptive, Based on assumptions about how a decision SHOULD be made, Pick Optimal
choice between alternatives
What are the 6 steps in the Rational Decision Making Process?
1). Problem definition
2). Identify decision criteria
3). Weigh the criteria
4). Generate the alternatives
5). Evaluate the alternatives
6). Select the optimal solution
What are heuristics?
Rules of thumb, simplify the decision making process, but they can result in BIAS'
What are the 3 general heuristics?
1). Availability
2). Representativeness
3). Anchoring and adjustment
How does decision making differ once you introduce the element of cultural variations to
this process? (3 differences)
, 1). Cultural differences in optimization
2). Limits to Rationality
3). Cultural constraints on rationality
What are the categories for cultural differences in optimization?
Who, what, how, and how much time
What are the 2 main limits to rationality?
Bounded and Satisficing
What does the Conflict Model of Decision Making fall under?
Cultural constraints on rationality
What are the 4 categories in the Conflict Model of decision making?
Vigilance, Complacency, Defensive Avoidance (someone else), Hypervigilance (Panicking)
What are the ways in which people make ethical judgments?
Moral Philosophies
What are Moral Philosophies?
Principles used to decide what is right and what is wrong
What are the 3 main categories of Moral Philosophies?
1). Teleology/Consequential Models
2). Deontology/Rule-based Models
3). Cultural Relativism
