PSY 583 COMPENSATORY AND NONCOMPENSATORY MODELS.docx - Running head COMPENSATORY VS NON COMPENSATORY MODELS Compensatory vs Non Compensatory Models

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Running head: COMPENSATORY VS NON COMPENSATORY MODELS Compensatory vs Non Compensatory Models Comparing Cognitive Applications in Decision Making Carla Martin Grand Canyon University Psychology 583-0500 August 28th 2019 Humans by design are often faced with several decision making tasks based on several
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COMPENSATORY VS NON COMPENSATORY MODELS 2 context, scenarios and environments. These decisions are not always simple and oftentimes risk and reward are balanced or can outweigh each other. Whether the decision bears heavily on human factor or not humans are directly affected in any judgement call or decision making. A major theme that is highlighted throughout the final chapter of Cognition: Theories and Applications is judgements, decisions and reasoning as it relates to the fact that people often make mistakes in their performance or process. According to Goldstein (2018) individuals can be misled by heuristic modellike representations. The relative suggestion made is that in considering a variety of possible solution by deductive reasoning, referred to as syllogism, people are brilliant at judging the sustainability or validity of simple deduction. However there are quite easily misled and influenced by the cogent of their conclusion (belief bias) instead of how fiercely they support that conclusion for more compounded ones. Goldstein (2018) further explains that in decision making people can certainly be impacted by context, emotions and the manner in which choices are being presented to them even in cases where these distractions or influences have no significant bearing on the decision to optimize any gains. Goldstein (2018) suggests that the reason for these errors is that they all have a common denominator. Dieckmann, Dippold & Dietrich (2009) suggest that decision makers often use a diversity of decision formats or regulations and heuristics ( an approach to self discovery or problem solving process which affords practical methods that are not always guaranteed ) to discover the most suitable choice amid alternatives. Dieckmann, Dippold & Dietrich (2009) also suggest that decision regulations and formats are often narrated as compensatory or non compensatory.
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