Match Each Item with a Statement Below

question 3

Multiple Choice

Match each item with a statement below:

-Arises from the operation of feedback loops

• A)dynamic complexity
• B)systems thinking
• C)bounded instability
• D)double-loop learning
• E)team learning
• F)combinatorial complexity
• G)shared vision
• H)personal mastery
• I)mental models
• J)single-loop learning

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Definitions:

Loss Aversion

Oversensitivity to loss, leading to an unwillingness to recognize a loss and move on.

Mental Accounting

The habit of mentally assigning dollars to different accounts so that some dollars are worth more than others.

Overconfidence

The phenomenon where an individual's subjective confidence in their judgments is reliably greater than their objective accuracy.

Irrational Decisions

Choices made by individuals that contradict the best outcome from a rational point of view, often influenced by biases or lack of information.