Apr 1, 2022
3 min read
Decision Theory
Decision Theory: Tradeoffs mean you’ll have to give up one thing to get another.
You walk into a mall to buy a wallet, on one side is a store called Dollar General, and on the other side, there is a store called Gucci. Do you buy a $550 wallet made in Italy with a lifetime warranty or a $1 wallet made in China? You’ll have to decide if you’ll trade quality for price or pay more for…
