Got a tricky question? Receive an answer from students like you! Try us!

Description of How Humans Make Both Logical and Risky Decisions - Essay Example

Only on StudentShare
Author : schuppebradley
Pages 4 (1004 words)


Description of How Humans Make both Logical and Risky Decisions Unlike animals which make decisions or take actions mostly based on their instincts, human beings are engaged in decision making at different levels every day. Some of the decisions are subconscious, and our bodies compel us to act in a certain way depending of a variety of biological circumstances…

Extract of sample
Description of How Humans Make Both Logical and Risky Decisions

Comprehending the process through which people arrive at their decisions is a broadly studied area of cognitive psychology. Each decision one makes is based on several factors that include but are not limited to experience, cognitive bias and emotional and physiological wellbeing. Age, gender as well as a myriad of individual differences, are also important factors in the process (Dietrich, 2010). A crucial aspect of decision-making is the application of heuristics; commonly described as decision-making strategies employed in situations when one has little information or when they need to reduce the burden of decision-making. While they may appear capricious and heuristics serve as mental shortcuts and are often correct since they are based on personal experience and hindsight (Dietrich, 2010). For instance, when shopping, one may apply price heuristics, which they use to determine the quality of a product by holding it in direct proportion with the price. This way they will assume that the more pricy the commodity, the more valuable it is, and they save a lot of time that would have been spent trying to authenticate the quality of the good by minute examinations consultations or even a myriad of considerations. ...
Download paper
Not exactly what you need?

Related Essays

Risky behaviour of teenagers
Literature review Based on the three articles, there are several signs of teenage rebellion and there exists also several causes of this rebellion. There have been several debates on the causes of teenage rebellion. Some psychologists maintain that teenage rebellion is caused by natural causes while others claim that it is as a result of the way that the teen is brought up and the kind of lifestyle that he or she is exposed to. This means that some people argue that teenage rebellion is completely uncontrollable while others maintain that the rebellion can be controlled by other factors.…
3 pages (753 words)
For this assignment I want you to perform a decision making experiment that will expand our knowledge of how people make decisio
A well written description of the decision and what we already know about decisions of this The two system model theory presents a situation where individuals are supposed to behave in a certain way, yet they behave contrary to the expectations. Socrates believes that individual goals affect an individual’s behaviors. Plato expounded on Socrates’ theory saying that individuals’ souls come into contact with uncontaminated ideas; which appears corrupted via the non-spirit world (Roberto, 165). Plato feels that human beings have ideas rooted in them; it takes some reminders to trigger the…
3 pages (753 words)
The Role of Emotion in Decision Making
It is argued by Loewenstein & Lerner that emotions attracted little attention from psychologists and researchers in the past as cognitive perspective was dominant and most popular. But, modern decision research has broken this traditional pattern and opened its doors to emotions. It is proposed that the value of positive emotions should be recognized as they play a major role in producing behavior which “may be seen as resulting not only from cognitive effects but also from apparent motivational changes”. Most emotion researchers stand in contrast to cognitive researchers in respect that…
11 pages (2761 words)
Social Media affects us Humans
In today’s world, social media has influenced the life of almost every individual. Social media is also playing a major role in the community building.If we talk from psychological aspect, we can say that social media has changed the way people think about developing relationships and doing business. Social media has changed the way people develop communities and networks. Many types of social media are available today that help people remain in contact with each other and develop business relationships. Some of the main examples of social networking websites include Twitter, Facebook, and…
3 pages (753 words)
Describe and compare both Clarkson and Kohut's theories of self, personal history and relationship. How does Clarkson's five rel
She authored fifteen books and many articles. Clarkson lectured nationally in England and internationally. She worked in Counseling and Psychotherapeutic committees. She committed suicide by taking an overdose of drugs. Heinz Kohut’s Personal History Heinz Kohut made an indelible mark in self psychology in the twentieth century. 1913 was Kohut's year of birth in Vienna, Austria. In his formative years, he did not go to school, and he later joined public school when he was eleven years old. Kohut was a fluent speaker of Greek and French. He studied biology and European literature. His…
13 pages (3263 words)
Children Self-Description
Younger children tend to describe their selves more on physical activity and physical characteristics maybe because they are more aware on their physical appearance and they are more exposed to an environment of physical acti9vity like playing different kinds of pay unlike the older children they are starting to mature. However, before we can understand why children are different in descr5ibing their selves regarding their age, we should first know what is the meaning of self-description or self-concept And what is its relevance to us.…
8 pages (2008 words)