• People may make bad decisions because they fail to compare the relevant costs and benefits. Do you agree? Provide an example of when you made a bad decision, and an example of when you made a good decision. Did you compare the relevant costs and benefits?
• Discuss an example of behavior you have observed that could be described as “smart for one but dumb for all.”
History has proven many times that bad decisions make best stories. From family settings to workplaces we are often encountered with situations that forces as to make decisions about circumstances. In the process, sometimes it turns out that actually what we thought could be an effective thought doesn’t really count. This disappointment can be associated in terms of relevant costs and benefits. My focus in this essay will be to reflect on the occasions that I’ve made bad decisions and as to whether the notion of cost and benefits could have impacted it.