Myopic Loss Aversion
A cognitive bias where individuals tend to avoid risks when they perceive potential losses more acutely than potential gains.
A cognitive bias where individuals tend to avoid risks when they perceive potential losses more acutely than potential gains.
A strategic plan that outlines the goals, milestones, and steps needed to deliver a product that achieves desired outcomes incrementally, providing a clear path forward.
A visual workflow management method used to visualize work, limit work-in-progress, and maximize efficiency.
The phenomenon where individuals' expectations about a situation influence their actual experience of that situation.
Balanced Scorecard (BSC) is a strategic planning and management system used to align business activities to the vision and strategy of the organization.
A principle often used in behavioral economics that suggests people evaluate options based on relative comparisons rather than absolute values.
The interpretation of historical data to identify trends and patterns.
The process of making predictions about future trends based on current and historical data.
An approach where designers and non-designers work together throughout the design process to create user-centric solutions.