answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: How does making a table help you evaluate the values and concerns you have when making a decision?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

Why is it important to consider your values when you make a decision?

it is important because when you are making a decision you need to know that you are making the right one and not just going to the wrong one like stealing from a store or saying no.


Rational comprehensive theory of decision making?

The Rational Comprehensive theory of decision making is not to be confused with rational choice theory. The Rational Comprehensive Theory of decision making is a theory that when perceived as how decisions should be made is normative and when viewed as how decision are made is empirical. The Rational Comprehensive theory of decision making has six key elements. First, the decision maker is faced with a problem which can be isolated from other problems or at the minimum can be significantly considered in comparison to them. Secondly, the goals, values, and objectives motivating the decision maker are explicit and can be ranked according to importance. Thirdly, the alternative methods for dealing with the problem are scrutinized. Fourthly, the outcomes of each alternative (i.e. costs/benefits and advantages/disadvantages) are examined. Fifthly, each alternative along with its attendant outcomes is then compared with the other alternatives. The decision maker will choose the alternative, and its outcome, that maximizes attainment of his/her goals, values, and objectives (this is call optimization). The Rational comprehensive decision making theory has been criticized for its implausibility being such that it demands far more than is intellectually possible ignoring the decision makers probable lack of information, limited knowledge of costs/benefits of an alternative/limited ability to appraise all costs/benefits, difficulty in defining the problem at hand in the first place, and inapplicability to collective decision making where all values, beliefs, and objectives are not in perfect accord. Furthermore, sunk costs are often an issue affecting decision making and complicating the consideration of many alternatives impede on the fundamental idea of rational comprehensive decision making which demands consideration of ALL possible alternatives. In short, it is mostly viewed as unrealistic and idealistic.


Costs and benefits are both subjective a calculation of the value of a decision is always what?

His or her unique values and beliefs. apex


Because costs and benefits are both subjective a person decision will always be based on what?

his or her values and beliefs


Because costs and benefits are both subjective a persons decision will always be based on what factor?

His or her unique values and beliefspersonal opinion

Related questions

What are six step in the decision-making process?

The six steps of decisions are: state the situation, list the options, weigh the possible outcomes, consider values, make a decision and act on it, and evaluate the decision.


What are the six steps in decisions making process?

The six steps of decisions are: state the situation, list the options, weigh the possible outcomes, consider values, make a decision and act on it, and evaluate the decision.


Why are values important when making a decision?

It is important to remember your values when making a decision as otherwise, the decision you make will not help you as it will not be based around your life.


How did the Iroquois encouraged consensus decision making their values and the way they lived?

To understand how the Iroquois encouraged consensus decision-making, you need to understand what it means. It is a group decision making process where all the participants agree on the decision made. When the Iroquois encouraged this type of decision making, they set the standards for their values and the way they lived.


Decision making theory?

Decision making theory is used to determine the values and other issues, including uncertainties, that relate to the decision being made. It is then determined if the decision is a rational and wise decision to be made.


When you examine a scientific value in making an environment decision you what?

When making an environmental decision, you compare the relative worth of two or more scientific values.


Steps of a simple decision making model?

Gather information consider values explore consequences make a decision


How do scientific values contribute to decision-making?

Because you know what exactly the reasoning and consequences are of an experiment.


What has the author Roderick Moreland Kramer written?

Roderick Moreland Kramer has written: 'Social decision making' -- subject(s): Social values, Problem solving, Social aspects, Judgment, Social skills, Social aspects of Decision making, Decision making


What is Vroom and Jago's decision making style when is influenced by subordinates?

Vroom and Jago's decision-making style when influenced by subordinates is known as "participative" or "consultative." This style involves leaders seeking input and feedback from their team members before making a final decision. It values collaboration, input, and buy-in from employees in the decision-making process.


Why is it important to consider your values when you make a decision?

it is important because when you are making a decision you need to know that you are making the right one and not just going to the wrong one like stealing from a store or saying no.


The id is most directly associated with value or decision making or is it premonitions?

the id is most directly associated with what values or desires or decision making or premonitions