Critical Thinking
The objective analysis and evaluation of an issue in order to form a judgment.
122 topics found for
“decision-making analysis”
System Two
A mode of thinking, derived from Dual Process Theory, that is slow, deliberate, and analytical, requiring more cognitive effort and conscious reasoning.
McNamara Fallacy
The error of making decisions based solely on quantitative observations and ignoring all other factors.
Groupthink
A psychological phenomenon where the desire for harmony and conformity in a group results in irrational or dysfunctional decision-making.
Behavioral Economics
The study of psychology as it relates to the economic decision-making processes of individuals and institutions.
Standard Deviation
A statistical measure that quantifies the amount of variation or dispersion of a set of data values.
Decision Theory
The study of how individuals make choices among alternatives and the principles that guide these choices.
Information Bias
A cognitive bias where people seek out more information than is needed to make a decision, often leading to analysis paralysis.
SWOT Analysis
Strengths, Weaknesses, Opportunities, and Threats (SWOT) is a strategic planning tool that is applied to a business or project.