Using Economic Decision-Making Models to Become Informed Decision-makers Skill (1h) in 2015 History/Social Science SOL The decision model you use depends on your question/issue and how many options you are trying to consider. See three examples below. Cost-Benefit Decision Model. To decide whether or not to do something—when the choice is, or “yes” “no” For example, Should I buy this particular Costs Benefits A cost is A benefit is what you what give up when satisfies you decide to your wants do something It will cost is less The than many isn’t of the as close I to have and at I as really I like would the like. floor The plan I and it is a need to good be value that will It have a are garage good in the area
Using Economic Decision-Making Models to Become Informed Decision-makers Skill (1h) in 2015 History/Social Science SOL The decision model you use depends on your question/issue and how many options you are trying to consider. See three examples below. Cost-Benefit Decision Model. To decide whether or not to do something—when the choice is, “yes” or “no” For example, Should I buy this particular Costs A cost is what you give up when you decide to do something Benefits A benefit is what satisfies your wants It will cost The isn’t as close to and as I would like. The and need to be It have a garage is less than many of the I have at I really like the floor plan I it is a good value that will are good in the area
Decision-Making-Skills-1.h-Examples-of-3-models-3.docx