Professor Forman

A Rational Approach to
The Coronavirus Economic Reopening
Step 3

A rational approach to decisions about opening the economy as the impact of the Coronavirus subsides requires consideration of both risk facing and risk taking. (See Facing Risks vs. Taking Risks)

Risks We Take Step 3) Choose the best alternative strategy based on trade-offs among competing objectives, such as risks to health safety and economic prosperity .  An objectives hierarchy of clusters of objectives, evaluated by various constituencies to prioritize the objectives and not only determine the ‘best’ choice, but provide a defensible rationale for the decision.

%d bloggers like this: