Cost-benefit analysis is an approach that is widely used in decision-making as it provides a threshold for evaluating the costs and benefits for alternative options. Cost-benefit analysis allows people to compare the projected costs and benefits of various alternatives, and make informed choices by assessing the results of different options in financial terms. This provides an organized way for decision-making as well as making it a beneficial tool in making decisions. However, cost-benefit analysis has some significant complications. For example, it may not be able to properly reflect abstract benefits such as environmental benefits. Additionally, the cost-benefit analysis only considers a certain range of factors, which can potentially miss important factors like ethical consideration and long-term consequences. 

Additionally, decision-making has many other factors that influence the outcome, including the context and the goals of the decision-makers, making it important to consider these factors in addition to the results of cost-benefit analysis. An important criteria that should be considered in decision making is emotions of the situation. Emotions can be applied to every situation and impact the decision that has been made dramatically. Additionally, past experiences can extremely impact decision making as past mistakes that were made can influence decisions that are made.

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