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Scott, MIT Graduate
Category: Homework
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Experience:  MIT Graduate (Math, Programming, Science, and Music)
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Differences between rational and irrational decision making.

Customer Question

 

Differences between rational and irrational decision making. These terms aren't static and are relatively fluid (in other words our interpretation of what is rational or irrational can change with
circumstances or time).
For this project consider the fact that at one point in US history the decision to own slaves was considered rational and informed. Today we would consider the decision to own slaves "irrational". For this project:
1. Identify one other example of a decision (past or present) that was once considered "rational" but that is now reviewed as "irrational". Do not analyze a personal decision but one from a published or academic source.
2. Explain, in detail, why the decision was once considered "rational" but would now be considered "irrational".
3. Identify the decision theory you believe was used in the original decision making within your example. You may select from expected utility theory, prospect theory, regret theory, pseudocertainty, satisficing, or noncompensatory strategies. Be sure to fully support "why" the theory you selected was present. Simply naming a theory won't be enough...you need to support your answer.
Length: 3-6 paragraphs Due Date: 2/3/2009 11:59:29 PM

Submitted: 7 years ago.
Category: Homework
Expert:  RopTeam replied 7 years ago.
Hi PUPO. I can assist with this question.
If agreeable, response in APA/Cites/References.
thank you,
toneemarie
Customer: replied 7 years ago.

yes please

 

sounds good

Expert:  RopTeam replied 7 years ago.

Hi Pupo.

I am opting out of this request.

 

Thank you,

toneemarie

Expert:  RopTeam replied 7 years ago.

Assignment completed for your review. Awaiting response to open question(s).

Opting out.

thank you,

tm

Customer: replied 7 years ago.
I have acepted you other answers
Expert:  RopTeam replied 7 years ago.

Thank you Pupo.

 

I appreciate it.

 

As you know it takes several hours to complete these assignments.

 

Have a pleasant evening.

tm

Customer: replied 7 years ago.
when will i have this