Monday, March 16, 2009

Cost/Benefit Analysis

Today we did a cost/benefit analysis in class. Students were then given their own form to do one for homework. The general idea is to think through decisions completely before finalizing them and carrying them out. They should write down a decision in the space for it on the form. They may not use the choice to do or not do homework since we did that one in class. It needs to be written as something they will do or not do. Then they are to write down all the costs to making that decision and all the benefits of making that decision. The hard part is being honest with themselves. It is due tomorrow at the beginning of class.

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