Notes
6/30/2014
2
The science of Decision-making
1
6/30/2014
3
Speed ventures
Instructions
Get into groups
Reach a group decision to race or not race
Assumptions
Speed Ventures gets to keep the oil contract except if the engine blows
Goodstone has given $40,000 for the Pocono Race,
But your racing teams gets 1 Million if you finish in top 5
Rules
You have 30 minutes to reach a decision
Person with most gadgets on their watch is timekeeper
As a group you must decide whether to race or not race!
4
Four possibilities
Finish Top 5
$1,500,000
Finish but NOT in the top 5 $500,000
Race and blow engine
$500,000
$0
2
6/30/2014
Sec 62: Speed Ventures Groups
5
Group 1
Francisco Larrain
Echeverria
Jutatit Pumarin
Kangseok Ji
Nicolas
Izquierdo
Chadwick
David Nichols
Group 2
Nicolo Parravicini
Alexander
Bourdeau
Piotr Bielaczyc
Lauren Zsigray
Taylor Hougland
Group 3
Cameron Murphy
Javier Bernuy
Giraudi Fuentes
Anja Zhao
Nicholas
McGann
Jaskaran Bakshi
Group 4
Eric Haddenhorst
Mo Wang
Ramakrishna
Sayoji Rao Goli
Varun Mathur
Thanabhum
Aramwatananont
Group 5
Paksikorn
Tubtimthong
Ty Findley
Ira Shiner
Group 6
Jose Lopez Lecube
Adam DeWolf
Michal Krowinski
Yajur Kapoor
Natrucha
Poomgate
Daryl Brown
Tzung-tza Jeng
Yilei Huang
Johann
Narvekar
Gaurav Bhandari
Macarena Garcia
James Stepanek
Simon
Jieun Lee
Gonzalo Romero
Meng-Ju Chang
Rodriguez
Francisco Ochagavia
Joshua Borin
Balbontin
Group 7
Group 8
J.Michael Zollo
Adam Hirschkatz
Madhavi Misra
Nathan Bell
Junhua Xu
Group 10
Mary Gray
Marissa McGann
Danielle Bagge
2
The science of Decision-making
1
6/30/2014
3
Speed ventures
Instructions
Get into groups
Reach a group decision to race or not race
Assumptions
Speed Ventures gets to keep the oil contract except if the engine blows
Goodstone has given $40,000 for the Pocono Race,
But your racing teams gets 1 Million if you finish in top 5
Rules
You have 30 minutes to reach a decision
Person with most gadgets on their watch is timekeeper
As a group you must decide whether to race or not race!
4
Four possibilities
Finish Top 5
$1,500,000
Finish but NOT in the top 5 $500,000
Race and blow engine
$500,000
$0
2
6/30/2014
Sec 62: Speed Ventures Groups
5
Group 1
Francisco Larrain
Echeverria
Jutatit Pumarin
Kangseok Ji
Nicolas
Izquierdo
Chadwick
David Nichols
Group 2
Nicolo Parravicini
Alexander
Bourdeau
Piotr Bielaczyc
Lauren Zsigray
Taylor Hougland
Group 3
Cameron Murphy
Javier Bernuy
Giraudi Fuentes
Anja Zhao
Nicholas
McGann
Jaskaran Bakshi
Group 4
Eric Haddenhorst
Mo Wang
Ramakrishna
Sayoji Rao Goli
Varun Mathur
Thanabhum
Aramwatananont
Group 5
Paksikorn
Tubtimthong
Ty Findley
Ira Shiner
Group 6
Jose Lopez Lecube
Adam DeWolf
Michal Krowinski
Yajur Kapoor
Natrucha
Poomgate
Daryl Brown
Tzung-tza Jeng
Yilei Huang
Johann
Narvekar
Gaurav Bhandari
Macarena Garcia
James Stepanek
Simon
Jieun Lee
Gonzalo Romero
Meng-Ju Chang
Rodriguez
Francisco Ochagavia
Joshua Borin
Balbontin
Group 7
Group 8
J.Michael Zollo
Adam Hirschkatz
Madhavi Misra
Nathan Bell
Junhua Xu
Group 10
Mary Gray
Marissa McGann
Danielle Bagge