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Choices and Opportunity Costs Decision Making

Choices and Opportunity Costs Decision Making. Decision Making 3-5 Style: The PACED Decision Making Model. State the P roblem List the A lternatives State Your C riteria E valuate your alternatives D ecide. The Decision Making Grid.

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Choices and Opportunity Costs Decision Making

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  1. Choices and Opportunity Costs Decision Making

  2. Decision Making 3-5 Style:The PACED Decision Making Model • State the Problem • List the Alternatives • State Your Criteria • Evaluate your alternatives • Decide

  3. The Decision Making Grid

  4. EvaluateEvaluation Metric3 = Does an excellent job of meeting the criterion2 = Does a good job of meeting the criterion1 = Does a poor job of meeting the criterion0 = Doesn’t meet criterion

  5. Lesson 2: Making Decisions • Source: Financial Fitness for Life, 6-8

  6. Which Graham Cracker CookieIs the Best?

  7. Decision Making k-2

  8. Decision Making k-2 Style Money Lets us Choose

  9. Money Lets us Choose

  10. Decision Making 3-5 Style The Grasshopper and the Ant

  11. Decision Making 3-5 Style The Grasshopper and the Ant Literature Link

  12. Decision Making 3-5 Style The Grasshopper and the Ant

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