https://www.ted.com/talks/dan_gilbert_why_we_make_bad_decisions?language=en
Daniel Gilbert, “Why we make bad decisions.” – Watch the Daniel Gilbert video
and submit your answers to the following questions.
Review Questions:
- Use Bernoulli’s equation of expected value to discuss how people make decisions about what action they will take when faced with a decision.
- What is one factor that affects how people predict the odds of an event occurring?
- Discuss one piece of real-life evidence and one piece of experimental evidence that Gilbert provides for this.
- What is one error that people make in estimating value? Discuss one piece of real-life evidence and one piece of experimental evidence that Gilbert provides for this.
- How does Daniel Gilbert’s talk help us to understand people’s responses to the current COVID-19 pandemic? How might that understanding be useful to us?
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