DECISION MAKING and MARKETING - THE PARADOX OF CHOICE On the following Ted Talk (20 minute) video, Barry Schwartz explains the paradox of choice. You have all made a big commitment and committed to changing your schedule by making the choice to continue your education, which involves you following through with your choice to complete your assignments, submit your timesheet, etc. Watch the following video:
click here or Google – Ted Talks Barry Schwartz
Define the following terms:
- official dogma:
- opportunity costs:
- income redistribution:
- paralysis v.s. liberation in decision making:
Why do people feel disappointed with their decisions?
Why does material affluence hurt our society, what is the solution to this?
Why is our satisfaction decreased by increasing the number of choices we have?
As you watch and listen to the speaker write down your answers. You will be posting a summary of this speaker to your blog post, you need to include the following on your blog post:
- at least 3 points about the talk
- a link to the ted talk page, use the LINK option at the top of the post page
- a picture of the speaker, use the picture ICON at the top of the post page.
