Problem 1:Review each situation (there are multiple scenarios within the activity) and identify which decision concept (theory, principle, model, etc.) from our learning in Unit 2 you believe to be present. Make sure you also explain (for each concept identified) "how" and "why" you arrived at your conclusion. In other words; what information helped you select each concept for each situation?
Problem 2: Look at the different decision concepts you identified in part 1. What do you think those different concepts imply about how people make decisions?
Problem 3: Do the decisions we make always need to be rational? Under what circumstances are we (decision makers) likely to make irrational choices?