Extension Neglect
A cognitive bias where people ignore the relevance of sample size in making judgments, often leading to erroneous conclusions.
A cognitive bias where people ignore the relevance of sample size in making judgments, often leading to erroneous conclusions.
The value or satisfaction derived from a decision, influencing the choices people make.
The phenomenon where having too many options leads to anxiety and difficulty making a decision, reducing overall satisfaction.
Emotional states where individuals are calm and rational, often contrasted with hot states where emotions run high.
A cognitive bias where a person's subjective confidence in their judgments is greater than their objective accuracy.
The phenomenon where having too many options leads to decision-making paralysis and decreased satisfaction.
The act of persuading individuals or organizations to act in a certain way based on moral arguments or appeals.
Lifetime Value (LTV) is a metric that estimates the total revenue a business can expect from a single customer account throughout their relationship.
A cognitive bias where decision-making is affected by the lack of information or uncertainty.