RATIONAL CHOICE THEORY

Question 1

monty hall problem

Answer 1

always switch— higher probability
game show kinda
issue- myth of perfect information

Question 2

prisoners dilemma

Answer 2

reward payoff
punishment pay off
temptation pay off
suckers pay out

T>R>P>S

Question 3

trolley problem

Answer 3

utilitarianism
-most ethical
save more vs. save yourself from blame

issues:perfect information
bounded rationality
intransitivity