Scholar can use own article as long as it’s peer reviewed And scholarly level Blog 3 Decision Making. Risky Decisions. 1. Give full reference of the article in the APA format. 2. Complete the experiment and report your results: a. Risk of gain: ____________% b. Risk of loss: ____________% **Attach actual results to the printout copy (just the cumulative table would suffice). 3. Questions to answer: a. What distinguishes a risky choice from a riskless choice? b. In relation to decision making, what is risk-seeking and risk-avoiding behavior? When are people likely to use risk-seeking vs. risk-avoiding behavior? c. In relation to decision making, what is framing effect, and how it affects behavior. Use two specific examples of framing from your everyday life, how did or didn’t it affect you and why? 4. Create glossary for 4 terms from the original study article and at the end give reference to where your definitions are taken from. Example: Automaticity is the ability to do things without occupying the mind with the low level details required. It is usually the result of learning, repetition, and practice. Reference: Psychology Wikia (n.d.). Retrieved on June 1, 2015 from ​http://psychology.wikia.com/wiki/Automaticity a. b. c. d. 5. Search for a media file that you think is relevant to this study. Describe the media, justify your choice of relevance, and provide full APA reference of the media file. For correct referencing refer to APA materials or the www.apa.org website.
