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What are the common decision traps which each group in point (2) is susceptible to? Develop a matrix or decision tree in order to compare the groups

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  1. What are the common decision traps which each group in point (2) is susceptible to? Develop a matrix or decision tree in order to compare the groups. How does the program impact the consumer’s “regret”? (Hint: Map the possible outcomes for the consumer.)
  2. From either Toro’s or the insurance company’s perspective, how would you frame your argument to achieve your desired objective?
  3. Was the program successful? Why or why not?
  4. If you were Dick Pollick, would you repeat the program? Assume you manage the S’No Risk program and argue your case. To what biases are you susceptible in this case?