When trying to decide who to hire, Gladys, a personnel manager, subjectively assesses how important several traits are. She figures that, on a scale of 1-10, competence is 9, tidiness is a 6, and warmth is a 5. Using those numbers, she rates several job candidates and hires the "best" one. Which of the following best characterizes the tool Gladys used to make her decision:
A) Expected value
B) Expected utility
C) Bounded rationality
D) The availability bias
E) Intuition

Question

Quizplus · Accepted Answer

Gladys used expected utility as her decision-making tool, assigning different weights (importance) to various traits and then evaluating candidates based on these weighted traits to make a decision. This approach aligns with the concept of expected utility, which involves assessing the desirability or value of different outcomes based on their utility to the decision-maker.

When Trying to Decide Who to Hire, Gladys, a Personnel