Decision making and gambling discussion

Both decision making and gambling aim at coming to a certain choice that each person may wish to make. To come up with a certain choice, many thoughts may linger through your mind and eventually settling on a specific outcome. This may take a form of process or a risky option with less regard to the outcome. The process of making a decision may be conflicting to some people because of the nature of the said decision and the expected outcome. Others end up making irrational decisions that prove to be tricky. People will always choose something that they will highly benefit from it. These decisions may be involved by economic issues, social issues, religious and legal issues. Decision making varies from individuals and the environmental factors may affect the outcome. Children are likely to make lesser influential decisions compared to grown-ups. The mental status of a person may also be determined by how that decision arrives. People with psychological problems make bad decisions and they are unlikely to e punished by society, while on the other hand, sober people make sound decisions that will be resourceful in influencing others. Educated people also make sound decisions and in the end, they’re consulted for various decisions based on their areas of specialization. These areas of specialization may also be determined by the level of knowledge, experience, and passion that someone possesses. Processing of information is relevant in determining whether someone had adequate time to do so. Failing to analyze the issues presented is associated with poor results and choices being made. Inadequate time is linked with errors that will not have been occasioned. For example, a driver may who is driving at a higher speed may not have adequate time to decide whether to avoid an accident when there is an oncoming vehicle.

How people make decisions?
People make choices based on analyzing the probability of the outcome and failure to make sound choices. This analysis is then subjected to a further on whether such decision is worthy and what other people may say when that decision is arrived at and the judgment becomes the center of the analysis before making the decision. The process of making a decision becomes easier when the person frequently interacts with such a decision-making process. For example, it takes a shorter time for an experienced psychologist to diagnose the problem and offer sound counseling. Every time he interacts with people with such problems, he can make such a reference before the issue escalates to a worse situation.

Don't use plagiarized sources. Get Your Custom Essay on
Decision making and gambling discussion
Just from $13/Page
Order Essay

Prospect Theory:
In this theory, evaluation is made on why people fail to make certain choices. It also focuses on the analyses of the positive and negative consequences that emanate from the said outcome. Most people are likely to make decisions that are favorable to their profits and avoids those that are likely to lead to losses. In the end, a person has adequate time to determine what is suitable for him. Others may choose a risky decision knowing that the outcome will be fruitful in the end.

The Idea of Preference:
Most of the people are likely to make a decision based on the quick preference than those that are used with. This is the trick that most companies have adopted while marketing their products. They ensure that the customer’s attention to the product is steady and convinced to buy the same. This is common when a person didn’t have a plan to buy the same product. The preference is determined by the method someone employs to arrive at the decision. Joint evaluation before making a decision may be different from an individual level.

Assignment Help Guys
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.


Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.


Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.


Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.


Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.

error: Content is protected !!
Open chat
Need assignment help? You can contact our live agent via WhatsApp using +1 718 717 2861

Feel free to ask questions, clarifications, or discounts available when placing an order.