MATH125U5DB

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Assignment Details

Probability is about assessing the chance of something happening while risk is the decision to interact with that uncertainty. We make risky decisions every day based on quick and often intuitive assessments of the probability of negative consequences. 

Share a decision you made in the last 2 weeks that involved considering the probability of something happening and deciding to take a risk anyway.

Perhaps you chose to take a new route home from work, drove above the speed limit, tasted a new dish, did not evacuate the premises during a fire alarm, and so on. Then, respond to the following prompts in your main post:

  • Describe the possible options you had in the context of the decision.
  • Share the choice that you decided on and your rationale for making that choice.

Read about the decisions shared by your classmates. In your responses to 2 classmates, you could consider whether you would have made the same choice or whether you see other possible options.

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