Overconfidence Effect
A cognitive bias where a person's subjective confidence in their judgments is greater than their objective accuracy.
128 topics found for
“decision environments”
One Page/One Hour
A method where a document or proposal is limited to one page and created within one hour to ensure clarity and focus.
External Cues
Environmental signals that influence behavior and decision-making, such as signage, prompts, or notifications.
Descriptive Analytics
The interpretation of historical data to identify trends and patterns.
Quantitative Research
A research method that focuses on collecting and analyzing numerical data to identify patterns, relationships, and trends, often using surveys or experiments.
Confirmation Bias
The tendency to search for, interpret, and remember information in a way that confirms one's preexisting beliefs or hypotheses.
Overchoice
The phenomenon where having too many options leads to decision-making paralysis and decreased satisfaction.
Moral Luck
A phenomenon where the success or failure of a design or business outcome is influenced by external factors beyond the control of the decision-makers, akin to serendipity.
Behavioral Game Theory
The study of strategic decision making, incorporating psychological insights into traditional game theory models.