Examlex
The more inventory a company has in stock the greater the company's profit.
Prospect Theory
A behavioral economic theory that describes how people choose between probabilistic alternatives that involve risk, where the probabilities of outcomes are known.
Satisficing
A decision-making strategy that aims for a satisfactory or adequate result, rather than the optimal solution, due to constraints like time or information.
Intuition
The capacity to grasp or recognize something instantly, without requiring conscious thought.
Emotional Signals
Represent outward expressions or indicators of a person's emotional state, often conveyed through facial expressions, tone of voice, or body language.
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