Question: P P Po So S1 S2 Graph A q Graph B q In the above figure, a technological development would be represented by O the

P P Po So S1 S2 Graph A q Graph B

P P Po So S1 S2 Graph A q Graph B q In the above figure, a technological development would be represented by O the movement from So to S1 in Graph A. O the movement from Po to P1 in Graph B. the movement from P1 to Po in Graph B. O the movement from S1 to So in Graph A

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1. Identify your reference point when making a decision based on an element of risk.

3. If there are reasonable alternatives, think about your decisions based on the different reference points and see if there are any contradictions in the decisions.

4. It is only at this point that you can give the problem your full attention in relation to the various ways you have framed the problem.