Question

Jae-hyun is trying to decide if he should ask out his classmate Carrie, who he finds fun and attractive. He considers how likely Carrie is to say yes, and how thrilled he will be if she does. What theory best explains Jae-hyun's decision making process?

Answer 1

The theory that best explains Jae-hyun's decision-making process is the Expected Utility Theory. This theory suggests that individuals make decisions by considering the probability of different outcomes and the utility or value they associate with each outcome.

Step-by-step explanation:

The theory that best explains Jae-hyun's decision-making process is the Expected Utility Theory. This theory suggests that individuals make decisions by considering the probability of different outcomes and the utility or value they associate with each outcome. In Jae-hyun's case, he is assessing how likely Carrie is to say yes and how thrilled he will be if she does.

For example, if Jae-Hyun thinks there is a high probability that Carrie will say yes and he believes that being in a relationship with her will bring him a lot of happiness, he may decide to ask her out. On the other hand, if he believes the probability of her saying yes is low and he does not think the potential happiness from being in a relationship is worth the risk, he may decide not to ask her out.

In this decision-making process, Jae-Hyun is essentially weighing the likelihood of an outcome (Carrie saying yes) against the value he assigns to that outcome (his level of excitement). By considering both factors, he can make a more informed decision.