What are advantages to implementing a cooperative strategy
Assignment:
What are some potential advantages to implementing a cooperative strategy? What might be some potential risks?
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Assess the probability that you will be hospitalized for more than one day during the upcoming year. In what other ways might this assessment be decomposed?
In particular, what did you learn in your research that had an impact on the assessment? What kinds of decomposition helped you in your assessment process?
Use the chain ratio method to calculate the market potential for life insurance in the military market.
Which probability assessment heuristic is at work in the gambler's fallacy? Explain.
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Which would make the sketched CDF smoother and smoother. How do we know when to stop making assessments and when to keep going?
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Many people prefer A in the first choice and D in the second. Do you think this is inconsistent? Explain.
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