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The two things are maximization of benefits and minimization of loss.
These points can be argued further using the knowledge of welfare economics

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Elnora Herman

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2y ago

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When a decision is made what two things is a decision maker considering?

Two things a decision maker considers when making a decision are future costs and benefits of the decision. Other things are sometimes considered when making decisions including future consequences of the decision.


What two things is a decision maker considering?

The two things are maximization of benefits and minimization of loss.These points can be argued further using the knowledge of welfare economics


Is decision maker one word?

It is not one word if you simply join the two parts, but if you put a hyphen between them, it is: decision-maker. The hyphen is required, because "decision" is too long to be joined to "maker" without a hyphen. Words like rainmaker and peacemaker do not require hyphens, because the word joined to "maker" is short.


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I always order calzones when I am at my favorite restaurant. Is there such a thing as a calzone maker that I can use at home?

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What is the difference between decision and desire?

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What is Newcomb's problem and how does it challenge traditional decision-making strategies?

Newcomb's problem is a thought experiment in decision theory that challenges traditional decision-making strategies by presenting a scenario where a decision-maker must choose between two boxes, one of which may contain a large sum of money. The challenge arises from the idea that the contents of the boxes are determined by a predictor who can accurately predict the decision-maker's choice. This creates a dilemma where traditional strategies like expected utility theory may not provide a clear solution, leading to debate among philosophers and decision theorists.


What effect does having one of something now or two of the same thing later have on the decision being made?

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How do two individuals reach a consensus on a decision?

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Who is faster Sonic the Hedgehog or Super Mario?

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