Question 1: Discuss framing and how it affects the decision-making process. Your response should consist of no less than 200 words.
Question 2: Discuss your most recent decision to purchase a major item (entertainment center, automobile, home, etc.). In what way did the acquisition utility or the transactional utility come into play for you?
Question 3: Discuss your attitude about certainty, uncertainty, and risk when making decisions. How has your attitude helped or hindered your ability to make rational decisions?
Question 4: Describe the concepts of joint and separate preference reversals. Also, discuss the similarities and differences that exist between the two. Your response should consist of no less than 200 words.