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How Do You Choose Between Two Things?

How Do You Choose Between Two Things?

Assessment

Interactive Video

Science, Business

11th Grade - University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The video explores subconscious decision-making strategies, focusing on risk aversion, the certainty effect, and the isolation effect. It explains how these strategies help us make choices by favoring certain options over others. The video also discusses the role of subjectivity and stability in decision-making, highlighting how we often prefer predictable outcomes. By understanding these concepts, viewers can recognize and intentionally use these strategies to improve their decision-making process.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the concept of risk aversion as described in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Explain the certainty effect and how it influences decision-making.

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the isolation effect impact the way we compare options?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

Discuss how subjective value plays a role in decision-making according to the text.

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What strategies can be used to speed up future decision-making?

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