Examlex
If the expected service falls below the perceived service, customers are disappointed.
Intellect
The capacity for understanding, reasoning, and thinking critically.
Decision-Making
The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.
Anchoring
A cognitive bias in decision-making where an individual relies too heavily on an initial piece of information (the "anchor") when making judgments.
Adjustment Heuristic
A decision-making process where an initial estimate is adjusted based on additional information or analysis.
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