In Each of the Following Decision Situations, Show What Tradeoffs

question 65

Essay

In each of the following decision situations, show what tradeoffs are involved.
a) You are driving and need to decide how fast to drive.
b) You meet a young lady at a party and you are considering whether to ask her out.
c) You like a co-worker whom you have known for a couple of years, and you need to decide whether to go on a date with him.
d) You ponder moving back with your parents.
e) You need to decide whether to buy a used or a new car.
f) You are thinking about opening a computer services business in your basement.
g) You are a consultant for the City of Toronto. The city council asks you to analyze the implications of a new high-rise office building in downtown.