decision making

Describe the results from your ZAPS consultation or graph. How do your results parallel after a while the Reference Results intervening in ZAPS? What do experiments love those conducted by Tversky and Kahneman discriminate us encircling how crowd create decisions? By participating in this week’s lab, what insights keep you gained encircling how argumentative you are in your decision-making mode? Share one create in which you exhibited any of the forced biases or heuristics finished in this week’s ZAPS lab. Question“Correct” Response* (Reference Results)“Incorrect” Response* (Reference Results)Your Response1. Coin toss: Heads wins $1; Tails wins $2. Would you join-in? Yes (98%)No (2%)Yes2. Coin toss: Heads wins $125; Tails destroys $100. Would you recognize the gamble? Yes (20%)No (80%)No3. Gamble: 10% fortuity to win $95; 90% fortuity to destroy $5. Would you recognize the gamble? Yes (25%)No (75%)No4. Lottery: $5 for ticket; 10% fortuity to win $100; 90% fortuity to win dot. Would you join-in? Yes (60%)No (40%)No5. Play: Lost $10 mandible. Would you peaceful pay $10 for a ticket? Yes (75%)No (25%)Yes6. Play: Lost primeval $10 ticket. Would you pay $10 for another ticket? Yes (45%)No (55%)Yes7. Is the tallest redwood further or near than 1,200 feet? Near (90%)More (10%)More8. Is the tallest redwood further or near than 400 feet? Near (40%)More (60%)More9. Is Kristen further lovely to be a bank discriminateer, or a bank discriminateer and a ample Democrat? Bank discriminateer (15%)Teller + Democrat (85%)Teller + Democrat10. Do further opinion set-out after a while K, or keep K as the third communication? Third communication is K (10%)Starts after a while K (90%)Third communication is K