Learning Objectives

  1. Compare and contrast compensatory and noncompensatory decision-making models.
  2. Discuss why heuristics for estimating probabilities may result in biased estimates.
  3. Describe the distinction between normative and descriptive models and the usefulness of each.
  4. Explain how individual risk dimensions influence decisions.
  5. Provide examples of decision making in real life and the tools and strategies that could improve your own decision making.