Decision making | PSYC 3001 – Cognitive Psychology | Walden University

  • Describe the results from your ZAPS table or graph. How do your results compare with the Reference Results included in ZAPS?
  • What do experiments like those conducted by Tversky and Kahneman tell us about how people make decisions?
  • By participating in this week’s lab, what insights have you gained about how logical you are in your decision-making process?
  • Share one occasion in which you exhibited any of the reasoning biases or heuristics covered in this week’s ZAPS lab.

Question“Correct” Response*
(Reference Results)“Incorrect” Response*
(Reference Results)Your Response1. Coin toss: Heads wins $1; Tails wins $2. Would you participate? Yes (98%)No (2%)Yes2. Coin toss: Heads wins $125; Tails loses $100. Would you accept the gamble? Yes (20%)No (80%)No3. Gamble: 10% chance to win $95; 90% chance to lose $5. Would you accept the gamble? Yes (25%)No (75%)No4. Lottery: $5 for ticket; 10% chance to win $100; 90% chance to win nothing. Would you participate? Yes (60%)No (40%)No5. Play: Lost $10 bill. Would you still pay $10 for a ticket? Yes (75%)No (25%)Yes6. Play: Lost first $10 ticket. Would you pay $10 for another ticket? Yes (45%)No (55%)Yes7. Is the tallest redwood more or less than 1,200 feet? Less (90%)More (10%)More8. Is the tallest redwood more or less than 400 feet? Less (40%)More (60%)More9. Is Kristen more likely to be a bank teller, or a bank teller and a liberal Democrat? Bank teller (15%)Teller + Democrat (85%)Teller + Democrat10. Do more words start with K, or have K as the third letter? Third letter is K (10%)Starts with K (90%)Third letter is K

Don't use plagiarized sources. Get Your Custom Essay on
Decision making | PSYC 3001 – Cognitive Psychology | Walden University
Just from $13/Page
Order Essay

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.

Read more

Free-revision policy

The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.

Read more

Privacy policy

The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.

Read more

Fair-cooperation guarantee

By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages