ELI5: Explain Like I'm 5

Ramsey–Lewis method

The Ramsey–Lewis method is a way of solving decision problems with multiple options. It helps people make decisions by taking into account a number of different factors, such as how much each choice will cost, how much benefit each choice will bring, and what risks are associated with each choice. It starts by assigning numbers to each option to indicate how desirable it is. These numbers are called weights. Then, each option is compared to each of the other options and the option with the highest total score is chosen. This method helps people make better decisions by looking at all the options, weighing the pros and cons of each, and making the best choice overall.