Shared Information Bias
A cognitive bias where group members tend to discuss information that everyone already knows rather than sharing unique information, leading to less effective decision-making.
299 topics found for
“informed decisions”
Availability Heuristic
A mental shortcut that relies on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision.
Fast and Frugal Heuristics
Decision-making strategies that use simple heuristics to make quick, efficient, and satisfactory choices with limited information.
Critical Thinking
The objective analysis and evaluation of an issue in order to form a judgment.
Delphi Method
A structured communication technique originally developed as a systematic, interactive forecasting method which relies on a panel of experts.
Business Acumen
The ability to understand and deal with various business situations, making sound decisions to ensure successful outcomes.
Information Bias
A cognitive bias where people seek out more information than is needed to make a decision, often leading to analysis paralysis.
Information Processing
The series of actions or operations involved in the acquisition, interpretation, storage, and retrieval of information.
Availability Bias
A cognitive bias where people overestimate the importance of information that is readily available.