Assignment
1. Discuss why people seem to not calculate subjective expected utility and value. Excluding playing the lottery, cite examples of where people might make other choices if they did.
2. Explain the differences between normative and descriptive models. Using examples, cite the usefulness of each.
In a paper of 1,250-1,500 words, compare compensatory and noncompensatory models as discussed in Chapter 14 of Cognition: Theories and Applications. Describe how a strategy is selected for use.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.