Discussion:
Making decisions - Sequence of Gambles
Sequence of Gambles
Consider the choice among pairs of casino gambles that are the staple of the most basic studies of decision making then think about an important personal decision how good is the analogy between gambling choice and your decision situation. Is life really a sequence of gambles?
a. Identify the decision.
b. Discuss the analogy between the gambling choice and your decision situation. Provide, at a minimum, three constructive points.
c. State your position regarding this statement: Is life really a sequence of gambles?
d. Provide three constructive statements supporting your decision.
This is comparing gambling to a personal decision.