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    Quantitative and Qualitative Aspects of Decisions

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    Distinguish between the quantitative and qualitative aspects of decisions.

    © BrainMass Inc. brainmass.com October 9, 2019, 10:37 pm ad1c9bdddf
    https://brainmass.com/economics/principles-of-mathematical-economics/quantitative-qualitative-aspects-decisions-226623

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    A decision is a choice made by some entity of an action from some set of alternative actions. Decision theory has nothing to say about actions—either about their nature or about how a set of them becomes available to the decision maker. The main branch of decision theory treats decisions of individual actors, and other branches treat decisions made by groups of ...

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    The solution distinguishes quantitative and qualitative aspects of decisions.

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