What graphical tool illustrates decision paths and their potential consequences, including risks and rewards?

A decision tree is a graphical representation that outlines decision paths, illustrating the various possible outcomes based on different choices. Each branch represents a different decision or event, and the end points of these branches display the potential consequences, including both risks and rewards associated with those decisions. This tool is particularly helpful in decision analysis because it allows individuals to visualize complex scenarios and identify the optimal paths based on expected outcomes.

Flowcharts, while useful for depicting processes and sequences, do not specifically focus on decision-making paths and their consequences. Mind maps are great for brainstorming and organizing ideas but do not clearly represent decision trees or outcomes. A logical framework is structured for project planning and evaluation, focusing on objectives and results rather than on illustrating decision pathways and their costs or benefits. Therefore, the decision tree is uniquely suited for depicting how different choices can lead to various consequences.