Your task this week in the discussion is to seek
October 7, 2021
Over the duration of this course, you will fully develop
October 7, 2021

Identify a situation from your own experience that involves making

  

Identify a situation from your own experience that involves making decisions using expected value, and detail the different options, expectations, and payouts. Discuss the risks involved with those expectations and, if applicable, the payouts. Include in your discussion an explanation of how to determine how much information to gather to minimize uncertainty. Finally, explain which decision should be made.

Journal – 250 words in length

No references or citations are necessary.

Additional Details on the grading

Response reflects indepth consideration and personalization of the theories, concepts, and/or strategies presented. Viewpoints and interpretations are insightful. Response demonstrates synthesis of ideas presented.