Introduction to Trade Offs
A Delicate Balancing Act … choosing between “Competing Goods”
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People make Trade offs between competing goods every day.
Competing Goods occur when there are two things that you want to have, or do,
but you can’t have both.
Go to BIG Birthday party
Go to BIG Soccer game
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The goods “compete” against each other in your mind.
When comparing the positives & negatives , One good is TRADE D OFF against the other.
On one hand….. On the other hand…..
When you decide you’ve made a trade off!
See your friendsHave lots of funEat cake!
Let your team downDon’t get to playNo exercise
Play with your teamHave lots of funWin the championship
Won’t enjoy the partyWill miss your friendsNo cake!
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Examples of Competing Goods that are often traded off against each other.
Money LoveStudying Socializing
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Tell the “competing goods
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Tell the “competing goods”
What are the trade offs between these two “goods”.
Doughnut vs. Apple
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What are the “competing goods” ?
What are the trade offs between these “goods”.
Metal Utensils Plastic Utensils
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• Describe the competing goods.
• Is this person choosing or “making a trade off” between these two competing “goods”?
• Tell why or why not….!
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Work Life Balance
What are the “competing goods” ?
What are the trade offs between these “goods”.
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What are the “competing goods” ?
What are the trade offs between these “goods”.
MoreMoney
HealthyEnvironment
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Trade offs are often made when solving environmental issues
Energy Birds
What are the “competing goods” ?
What are the trade offs between these “goods”. jschmied©2013
Price Quality
Tell the “competing goods”.
What are the trade offs between these two “goods”?
Kindle vs iPad
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Tell: a. The “competing goods”.
b. What you are trading off when choosing between these two “goods”.
Upside: This particular kick does a lot of damage compared to the ability needed to pull it off successfully.
Downside: Defense. The kicker is vulnerable to attack for a very long time.... sacrificing safety
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What are the “competing goods” ?
What are the trade offs between these “goods”.
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What are the “competing goods” ?
What are the trade offs?jschmied©2013
What are the “competing goods” ?
What are the trade offs?
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Team members often make trade offsto ensure the team’s success.
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But together everyone wins jschmied©2013