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Transcendent Technologies is deciding between developing a complicated thought-activated software,or a simple voice-activated software.Since the thought-activated software is complicated,it only has a 30% chance of actually going through to a successful launch,but would generate revenues of $50million if launched.The voice-activated software is simple and hence has a 80% chance of being launched but only generates a revenue of $10million.The complicated technology costs 10million,whereas the simple technology costs 2million.
-If the simplified technology costs $2 million to develop,what is the expected gain from developing the voice activated software
Open Society
A term coined by philosopher Karl Popper, referring to a society where government action is transparent, civil liberties are protected, and there is the opportunity for social and political change.
Critical Thinking
Purposefully dissecting and reviewing a topic to determine an outcome.
Pervasive Phenomenon
Something that is spread widely throughout an area or a group of people, affecting many aspects of a society or system.
Critical Thinking Skills
The ability to actively analyze, interpret, and evaluate information and arguments in a reflective and logical manner.
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