At the beginning of the decision making lecture, I offered you a hypothetical choice: take home $10 you just won

At the beginning of the decision making lecture, I offered you a hypothetical choice: take home $10 you just won

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Short answer. Answer all 9 questions in the space provided. For multiple choice questions, please highlight or boldface which of the four answers you select. For questions with blanks, fill in the blank (you don’t have to keep the actual blank there – you can erase the blank and put your answer where the blank was if you prefer. Please write you answers in boldface or highlight them so they are easy to spot. Note that for each question except #10, you are required to briefly explain your answer. These explanations do not need to be long.
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1) At the beginning of the decision making lecture, I offered you a hypothetical choice: take home $10 you just won, or take a chance on a coin flip where if you win you get $20 and if you lose you get $0. You made your choice as part of that lecture’s in-class activity.
1a) 49.4% of the class chose to keep the $10. What is the expected value of this choice? __________
Briefly explain your answer:

b) 50.6% of the class chose the coin flip. What is the expected value of this choice? __________
Briefly explain your answer:

2) I committed a crime. The police have assembled a lineup, but I’m not in it. I would most want the police to:
a) Use a simultaneous lineup
b) Use a sequential lineup
c) Neither a nor b
d) It probably wouldn’t make any difference
Briefly explain your answer:

3) A student is taking a multiple choice exam. They have just answered C to questions 14, 15, and 16. What concept from class (within the material covered on this exam) might stop them from answering C on #17, even if they think it’s the right answer? __________
Briefly explain your answer:

4) Let’s say you have to decide between two choices: Choice A is a 10% chance of winning $100, and Choice B is a 100% chance of getting $8. According to the definitions of “rational” and “irrational” decision making discussed in class, which is the “rational” choice?
a) A
b) B
c) neither A nor B is rational
d) A and B are equally rational

Briefly explain your answer:

5) Rank the following statements in order from the most subordinate-level categorization of a car to the least subordinate-level categorization of a car. Place a 1 next to the statement with the most subordinate-level categorization, a 2 next to the statement with the second-most subordinate-level categorization, etc.

“Look, another Toyota Prius.” ___
“I need a new car.” ___
“I want to take a road trip but I don’t have a vehicle.” ___
“Makaila returned my car without any gas in it!” ___

Briefly explain your answer:

6) Which of the following is the best piece of advice you could give someone studying for an exam they will be taking later that week, based on what we discussed in class.

a) Get a good night’s sleep, read the textbook chapters covered on the exam, and then read them again
b) Read the textbook, then sleep, then test yourself on what you read
c) Read the textbook, test yourself on what you read, then get a good night’s sleep
d) Test yourself, get a good night’s sleep, then read the textbook

Briefly explain your answer:

7) Let’s say you are going to run me through a memory experiment. You are going to ask me to study a list of words, then you are going to ask me to write down as many of the words from the list as I can recall. There is one particular word you really want to make me falsely recall on the test. Construct a 10-item study list that has not already been used in class this semester, and then tell me which word you are hoping I falsely recall on the test.

List of 10 study words:

Word you want me to falsely recall:

Briefly explain your answer:

8) Highlight all that apply. In the study by Loftus and Palmer (1974), the question “How fast were the cars going when they smashed into each other?” affected which of the following (more than one answer may be correct):
1. Peoples’ schemas for the event
2. Peoples’ encoding of the event
3. Peoples’ emotional response to the event
4. Peoples’ retrieval of the event
5. Peoples’ consolidation of the event

Briefly explain your answer:

9) An eyewitness to a crime who is viewing a lineup may believe that, when uncertain, it is better to choose someone from the lineup, increasing the chance that the culprit will be caught, than to reject the lineup, even though rejecting the lineup decreases the chance that an innocent person will be wrongly accused. Which of the following concepts from class is this most related to?
a) “knowing” in the Remember/Know paradigm
b) consistency bias
c) the Misinformation Effect
d) subjective utility

Briefly explain your answer:

The post At the beginning of the decision making lecture, I offered you a hypothetical choice: take home $10 you just won appeared first on EssayBishop.

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