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:

 

  1. Use Bernoulli’s equation of expected value to discuss how people make decisions about what action they will take when faced with a decision.

 

  1. What is one factor that affects how people predict the odds of an event occurring?

 

  1. Discuss one piece of real-life evidence and one piece of experimental evidence that Gilbert provides for this.

 

  1. 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.

 

  1. 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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