Activity 6: Weighing the Options: A Look at Tradeoffs
Managing risk includes deciding which option is best at reducing risks. The process requires incorporating the data obtained from risk assessments plus the social, ethical, cultural, economic, and political values of the time. In this activity, students will explore the risk management process for personal choices while “grocery shopping.” They will also debate the use of cost/benefit analysis for making public policy decisions using the protection of endangered species as an example.
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