Question 1: 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 2: Discuss framing and how it affects the decision-making process.

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: Explain the concept of the expected-value decision rule. In your discussion, review how the expected-value decision rule played a part in a recent decision you made.Please explain your answer and also provide examples

Word Limit: 200 Words each question.