Posts Tagged ‘consumerism’

Suboptimal Outcomes Get a Bad Rap | SAFETY DOC PODCAST #91 [Podcast]

(PODCAST) An optimal decision is a decision that leads to at least as good a known or expected outcome as all other available decision options. It is an important concept in decision theory. So, by deduction, a suboptimal outcome wouldnโ€™t be โ€œlesser thanโ€ an optimal outcome โ€“ but Dr. Perrodin questions the long-held belief that…

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