Examlex
Justin needs to conduct and record interviews with potential customers for a new product that has just been launched. Which of these suggestions would you give him?
Decision Alternatives
The different options or courses of action available to decision-makers.
Potential Value
The future worth or usefulness that something holds, not currently realized but that could be achieved under certain conditions.
Maximum Possible Gain
The highest achievable outcome or benefit from a specific action or set of actions in a given scenario.
Bounded Rationality
The concept that decision-making is limited by the information available, the cognitive limitations of the mind, and the time available to make the decision.
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