The Five Steps for Cost Benefit Analysis include:
1. Specify the possible options for action
2. List all possible outcomes
3. Determine probability of each outcome
4. Assign a value to each outcome
5. The sum of the values times probabilities for each option is the expected value of that option.
Production, implementation, and failure are all costs involved in making a decision.
Speedy results, saving energy, saving time and/or money, sense of achievement, raising of morale and/or confidence are all benefits involved in making a successful decision.
Answer:
Gestalt Study
Explanation:
According to my research on studies conducted by various psychologists, I can say that based on the information provided within the question the psychologist is applying the principle of Gestalt Study. This is a study that deals with the fact that even though a sensory experience like the one in the question can be broken down into individual parts, how those parts relate to each other as a whole is often what the individual responds to.
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