Reference no: EM132915479
1. Come up with an example of a purchase decision referred to affect. In retrospect, whether or not the purchase decision was wise, how appropriate was this process?
2. Come up with an example of a purchase decision referred to an external authority. In retrospect, whether or not the purchase decision was wise, how appropriate was this process?
3. Come up with an example of a purchase decision referred to an intentional randomization. In retrospect, whether or not the purchase decision was wise, how appropriate was this process?
4. Identify a major purchase decision that a household or organization would face. Identify several different people who would have a voice in this decision. Explain the role (leader, veto, consultation, or inform) that each would want to play and the role that each should be allowed to play.
5. Reflect on how you would make a decision by identifying several important criteria, their weights, and the scoring of several alternatives. Explain which alternative would be preferred according to the Bayesian approach, and which would be preferred by a conjunctive approach. Which would be more appropriate and why?
Please cite any resources used so I am able to review them to further my understanding.