Examlex
Which of the following types of crime analysis focuses on providing summary statistics and data to police managers?
Bounded Rationality
A concept suggesting that decision-making is limited by the information available, cognitive limitations of the mind, and the finite amount of time available to make a decision.
Opportunity Costs
The potential benefits or profits lost when choosing one alternative over another, representing the cost of forgone opportunities.
Rational Decision
A decision-making process that is based on making choices that result in the optimal level of benefit or utility for an individual.
Economic Payoff
The return or financial outcome received from an investment, decision, or policy, typically expressed in terms of profit or cost savings.
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