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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…




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Kristi Pelzel

Kristi Pelzel

U.S-Africa Analyst, University Faculty Adjunct, and Communications Consultant. M.A. Georgetown University.

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