Making good choices should involve trading off the expected value of one opportunity against the expected value of its best alternative.
Standard detail
2.
Benchmark
Depth 1Parent ID: 598B3B66A3CE4F55B5D291A7EDB895D3Standard set: Grades 5, 6, 7, 8
Original statement
Quick facts
- Statement code
- 2.
- List ID
- 2.
- Standard ID
- F8B126BDB2EC41139ACDA7542479D8A4
- ASN identifier
- S2604659
- Subject
- Economics
- Grades
- 05, 06, 07, 08
- Ancestor IDs
- 598B3B66A3CE4F55B5D291A7EDB895D3
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US