PSYC1101_Thought_I

PSYC1101_Thought_I - Decision Making and Problem Solving...

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Decision Making and Problem Solving 6/23/10 I. Reasoning a. Determining the validity of a conclusion, based on given information 2 Primary Types of Reasoning: b. Deductive i. Using a belief or rule to determine validity ii. Example: You expect this class to be difficult because you have heard it is c. Inductive i. Using examples or instances to determine the validity of a rule or conclusion ii. Example: You have met five disagreeable people from Boston and conclude that people from Boston are disagreeable II. Decision making a. Attempting to select the best alternative from several options Two prominent types of models: b. Normative models -Developed from an economic framework -Humans are optimal decision makers -Select option which yields the largest gain -Not a great theory i. Expected utility theory 1. Make decisions based on expected utility a. Overall value of each possible outcome 2. Choose the most desirable outcome (largest gain) a. Rank options b. Choose most favorable 3. Major Limitation a. People often don’t choose the most objectively desirable option III. Descriptive decision making models a. b. Began movement to descriptive models of decision making
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PSYC1101_Thought_I - Decision Making and Problem Solving...

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