4min chapter

Curious Minds at Work cover image

CM 236: Tess Wilkinson-Ryan on When to Play the Fool

Curious Minds at Work

CHAPTER

How to Approach Cost Benefit Calculation in Family Decision Making

Multi attribute decision theory or multi attribute decision making is a way of looking at decisions. The idea is that for any decision you basically write down what the relevant attributes are of each possible choice and then ask to what extent would this choice vindicate something that's important to me. For example i don't want to be a sucker so I'm going to count my fear of being a sucker at one quarter of the weight  i'm finding it very hard to describe a table in words but that is the power of like a whiteboard right now for your life. Share with us the way to approach this kind of cost benefit calculation and it's something that you do.

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