153_HW4_2008

153_HW4_2008 - Introduction to Decision Making in...

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Unformatted text preview: Introduction to Decision Making in Organizations (MS&E 153) Summer 2008 Homework Assignment #4: Due Wednesday, August 6th (in class) The maximum score on this homework assignment is 80, which means that there are 20 possible bonus points that can be used to make up for some points that you may have lost on other homework sets. Take this chance to gain some extra-points! Question 1 (15 pts.) Provide an example from your own experience that illustrates each of the following biases: (a) anchoring (b) availability (c) representativeness (d) unstated assumptions (e) vested interest (motivational) bias Question 2 (35 pts.) Even if you can do this question without a computer, preferably use spreadsheet software. This is good training for learning how to use these tools and display results in a slideshow presentation. Part 1: 20 pts Clairvoyant Studios have just completed a major film production of Dark Knight. The studio executives believe that the profit potential of this film is calculated by the following formula:...
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153_HW4_2008 - Introduction to Decision Making in...

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