Examlex
Management of a firm may accept a creditor committee only as a last resort before bankruptcy.
Standard Deviation
Square root of the weighted average of the squares of the deviations of the payoffs associated with each outcome from their expected values.
Over-precision
A cognitive bias causing someone to be too confident in their own judgments and decisions.
Predict Outcomes
The process of forecasting the possible results of a particular situation or decision.
Unrealistic Belief
A conviction or perception not supported by evidence or reality, often overly optimistic or pessimistic about potential outcomes.
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