The range of possible decisions runs from doing nothing to voiding the trade.
Cowen thinks that stories like these simplify things to a degree that keeps us from making the best possible decisions.
Wisdom, we are told, means knowing how to "make the best possible decisions," how to "maximize the good".
This interdependence causes each player to consider the other player's possible decisions, or strategies, in formulating his own strategy.
The jury was tasked with choosing from three possible decisions: guilty, not guilty, or not guilty by reason of insanity.
If we were interested in making the best possible decisions with regard to the U.S. auto industry, someone like Rich Breen would be seen as the face of the industry, not the chief executives of General Motors, Ford and Chrysler.
There should be intense co-operation on things like tackling terrorism, but, as far as possible, decisions affecting the people of a country should be made by the government of that country.
For comparison, the total global-aid budget today is about $50 billion a year.To replace the litany with facts is crucial if people want to make the best possible decisions for the future.
Sadly, the casualties of President Bush's veto of the State Children's Health Insurance Program bill include not only the millions of children left uninsured, but also the hundreds of millions of Americans and their doctors who need better information to make the best possible decisions about their health care.
And he shrugged off concerns about overconfidence by invoking his skills: "What I do have confidence about is that I'm a good listener, I'm good at synthesizing advice from a range of different perspectives, and that we will make the best possible decisions from the perspective of what's good for ordinary Americans".
With a week to go before the collective bargaining agreement expires, and after seven days of lengthy talks, it was an indication that it was unlikely a new deal would be done by next week, setting up possible decisions by team owners about whether to lock out players and by the union about whether to decertify.
