Thursday, September 29, 2011
Carter Racing
I thought the carter racing activity was very beneficial. By using the scatter plots of the gasket data it kind of displayed the 'gut feeling' you get when deciding if an action is beneficial. By using the mathematics on the board you could decipher the marginal benefit of an action. I think people do that everyday innately but usually don't think about the process. It's much simpler to use the metaphor of a gambling game than a more realistic scenario. But i wonder if unconsciously, we do this kind of math in our heads to estimate the benefit.
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I think that most people do unconsciously weigh the costs and benefits of most actions whenever they have to make decisions...or at least decisions that involve money. The incident with the Columbia shuttle involved human lives being put at risk, but in the Carter Racing analogy, we were given information that revolved around money, which I think is something much easier for most people to relate to, although obviously something that can clearly lead people to making poor decisions.
ReplyDeleteI have to agree with you on the fact that people make decisions like this everyday before weighing out the pros and cons of the situation. Just by reading the article my group and I decided to race. I had the attitude that if we were looking at it from the team work perspective I would race but if we were looking at it financially, I would not race. Breaking the math down like we did on the board was a great way to make the decision instead of going with your gut feeling.
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