Learning Objectives

  • Recognize the difference between reasoning and decision-making
  • Differentiate among the types of reasoning
  • Apply the phases of decision-making to a dilemma
  • Describe common cognitive illusions that cause errors in decision-making
  • Compare and contrast the expected utility theory and the multiattribute utility theory
  • Analyze the differences and similarities in descriptive models of decision-making
  • Summarize various neurological studies involving reasoning and decision-making