What Are the Three Generally Accepted Constructs of Decision Making

question 5

Multiple Choice

What are the three generally accepted constructs of decision making each of us employs to make determinations?

• A) rational decision making, bounded rationality, and intuition
• B) escalation of commitment, risk aversion, and hindsight bias
• C) utilitarianism, rights, and justice
• D) expertise, creative-thinking skills, and intrinsic task motivation
• E) distinctiveness, consensus, and consistency

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Definitions:

Slot Machines

Slot machines are gambling devices operated by inserting coins into a slot and pulling a handle or pushing a button to activate one to three or more reels marked into horizontal segments by varying symbols.

Variable-ratio

In behaviorism, a variable-ratio schedule is a reinforcement strategy where a response is rewarded after an unpredictable number of responses, often leading to high and consistent response rates.

Gambling Behavior

Activities related to betting and wagering with the risk of losing possessions or money, often examined from psychological and socio-economic perspectives.

Fixed-interval

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed.