CS代写 FINC3600 FINANCE IN PRACTICE

Week 3 Workshop Activity
FINC3600 FINANCE IN PRACTICE
DOUG FOSTER PETER SKALKOS

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Wilderness survival exercise – the process
1. Each individual student will receive the following slides:
▪ Wilderness survival exercise – the situation
▪ Wilderness survival exercise – your task
▪ Wilderness survival exercise – ranking template
2. Each student individually reads the survival exercise, ranks the items for survival and records their individual ranks on their ranking template. (15 minutes)
3. Teams share and discuss their answers together to learn from the collective wisdom of the team. The team needs to figure out how to reach a decision about the ranking and then as a team rank the items for survival. Each individual records their team’s decisions on their scoring template. (20 minutes)
4. Students receive the expert rankings slides. Students then enter the expert rankings onto the ranking template and compute individual and team scores. To what extent does the collective wisdom of the group improve scores? (5 minutes)
5. Watch group decision making video. (10 minutes)
Team challenge

Wilderness survival exercise – the situation
It’s late June, and you and a couple of your co-workers are driving back after a 3 hour hike in remote mountains in Tasmania. Unfortunately, you took a wrong turn on a remote fire trail somewhere high up in the mountains and got lost. You try to do a U-turn, but your old 4WD slips down an embankment and careers out of control. There’s a sudden crash, and then the lights go out….
When you wake up, the 4WD is on its side at the bottom of a 20 metre deep ravine. You are at least 25 kilometres from the nearest well travelled road with no houses nearby. One of your co-workers is in the passenger seat moaning, barely conscious. Her left leg is broken, her arm seems dislocated, and she looks like she may go into shock soon. Your other co- worker is standing outside, clutching his bloody arm, but appears all right. You take a deep breath and notice a shooting pain in your ribs, but you figure you’ll live.
The 4WD is stalled and there’s a icy rain beginning to fall. It’s now around 1:00 pm. You have 3.5 hours of daylight left and the temperature is expected to drop below freezing. A quick push of the horn shows that the battery is almost dead. You take a look in the glove compartment and behind the seats to see what you’ve got that could possible be of help.
Team challenge
STUDENT HANDOUT 3

Wilderness survival exercise – your task
On the next page is a list of 10 items that you find. Other than your winter clothing, these are all the items that you have.
Your task is to rank these items according to their importance in aiding you survive the situation, starting with (1) as the most important, (2) as the next most important, until all items have been numbered 1-10.
Team challenge
STUDENT HANDOUT

Wilderness survival exercise – ranking template
Team challenge
Individual Ranking
Team Ranking
Expert Ranking
Difference Ranking [1-3]
Difference Ranking [2-3]
City map of packs of cigarettes
Torch and batteries
Two chocolate bars
Shotgun and shells
Bottle of vodka (40%)
Roll of duct tape
Two wool blankets
Mobile phone (working but no signal)
Total the absolute differences of Steps 4 and 5 —————————-→ (the lower the score the better)
Your Score
Team Score
STUDENT HANDOUT

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