Decision Making and Economics

      
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			              Decision-making and Valuation > Best Practices
			            
			            	Bhuvana Sunil
			            
	          		What is the link between traditional economics and decision making sciences? (...) Read more? Sign up for free

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						            	GS RADJOU, CEO, France
												
				                Link Between Economy and Decision Making Sciences

													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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