00:36:10	Jaron Bruyere:	My understanding; from my sociology notes; traditional economic theory, particularly through the lens of maximising expected utility, a framework is presented where individuals engage in decision-making by identifying and selecting the option that yields the highest expected utility. This utility is determined based on their preferences alongside the likelihood of various outcomes. The underpinning assumption of this approach is the rationality of individuals, characterised by consistent preferences, comprehensive information, and the capability to conduct an optimal calculation to maximise their satisfaction or benefits. This theoretical perspective essentially posits individuals as rational agents who meticulously evaluate their options to make decisions that best serve their interests.
00:39:13	Jaron Bruyere:	How does rationality fit into this theory? Rationality implies that people have a clear thought but this is a theory.
00:39:39	Jaron Bruyere:	So assumption
00:43:11	Jaron Bruyere:	So you have a 30% of winning?
00:43:22	Jaron Bruyere:	chance*
00:49:27	Jaron Bruyere:	whatever has the highest prob?
00:55:33	Jaron Bruyere:	Dual Process theory?
01:07:05	Jaron Bruyere:	I would say lines of credit, or savings accounts
01:07:18	Jaron Bruyere:	with a guaranteed return
01:07:56	Jaron Bruyere:	I suck at adult-ing so no.
01:11:02	Jaron Bruyere:	So how is it a decision if its under the circumstances of risk?
01:13:41	Jaron Bruyere:	Lots but I don't want to bog down class. I just can't understand how there is a decision aspect to it.
01:13:57	Jaron Bruyere:	Since we are so influenced by our cultural factors etc.
01:15:56	Jaron Bruyere:	Continue existing, went to college today virtually, ate some bananas.
01:52:14	Jaron Bruyere:	going by a rule of thumb
01:58:42	Jaron Bruyere:	Anchoring and Adjustment
02:00:04	Jaron Bruyere:	Estimating probability by memory ease.
02:02:40	Jaron Bruyere:	It froze after you said homicide.
02:05:42	Jaron Bruyere:	Yes I made you host
02:05:46	Jaron Bruyere:	so it should be recording on your end
02:08:39	Jaron Bruyere:	Judging by similarity to stereotypes.
02:13:59	Jaron Bruyere:	Judging by looks, forgetting real odds.
02:14:34	Jaron Bruyere:	But if she's a feminist, would that make Linda a better helper therefore a better Teller?
02:14:59	Jaron Bruyere:	haha
02:26:48	Jaron Bruyere:	First guess unduly influences final guess then.