Decision Making and Economics

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Decision-making and Valuation

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Please register now to read all responses and to join this discussion yourself. It's easy and 100% free.     Log in Decision-making and Valuation > Best Practices > Decision Making and Economics Decision Making and Economics Bhuvana Sunil What is the link between traditional economics and decision making sciences? (...) Read more? Sign up for free Please register now to read all responses and to join this discussion yourself. It's easy and 100% free. Sign up for free     Log in   Link Between Economy and Decision Making Sciences GS RADJOU, CEO, France, Member   There are lots of ways to decide. Some of us drop dices... 1 - Positive economics: For example take smoking cigarettes. During an economical crisis citizens smoke more because of the stress of the situation: there is a clear statistical link between unemployment and added tobacco consumption of users. 2 - Normative economics: It is about judgement. A policy to put a tax on tobacco may not be efficient for certain segments of societies.

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Decision-making and Valuation

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