Answer the below in a word limit of 200 words each:
1. Discuss your most recent decision to purchase a major item (entertainment center, automobile, home, etc.). In what way did the acquisition utility or the transactional utility come into play for you?
2. Explain the concept of the expected-value decision rule. In your discussion, review how the expected-value decision rule played a part in a recent decision you made.
3. Discuss framing and how it affects the decision-making process.
4. Discuss your attitude about certainty, uncertainty, and risk when making decisions. How has your attitude helped or hindered your ability to make rational decisions?
Textbook: Bazerman, M. H., & Moore, D. A. (2009). Judgment in managerial decision making (7th ed.). Hoboken, NJ: Wiley.
“How-to” Article
Write a "how-to" magazine article (written in third person) to appear in a business magazine geared toward organizational leaders. Advise readers on how they can encourage employees to avoid the behaviors and practices that might inhibit creative thinking.
The article should include the following components:
• The article should be a minimum of 2 pages.
• Use specific examples to illustrate your points and establish credibility with readers.
• The advice you offer should demonstrate your understanding of course concepts.
• All content in your written assignment must be original or attributed to an outside source following the journalistic style.
• Follow an inverted pyramid structure. See the Unit III Lesson for additional guidelines on this structure.
• You must Include at least one direct quote, and use a minimum of 2 outside sources. All sources used must be cited and referenced according to APA format.
Textbook:
Ruggiero, V. R. (2015). The art of thinking: A guide to critical and creative thought (11th ed.). New York, NY: Longman.