Examlex
A team is involved in the revision of an operational guidelines document, which requires them to make multiple changes. To save time, the team decides not to vote on each item separately. Instead, they vote on many items together and are able to complete the revision within the allotted time. In this scenario, the team has most likely used the
Statistical Information
Data that has been collected, analyzed, and presented in a numerical form for the purpose of providing insights or supporting decision-making.
Anchoring and Adjustment Heuristic
A cognitive bias where an individual relies too heavily on an initial piece of information (the "anchor") to make subsequent judgments or decisions.
Grandfather's Age
A term typically referring to the age of one's paternal or maternal grandfather, often used in contexts relating to genealogy or family history.
Information Overload
A state in which the amount of information available exceeds one's ability to process it effectively, often leading to stress or decision-making paralysis.
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