Examlex
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Bounded Rationality
A theory that suggests individuals make decisions based on the limited information available to them and their limited capacity to process this information.
Evidence-Based Management
An approach to managerial decision making and organizational practices based on the critical examination of available evidence and outcomes.
Substituting Facts
The practice of replacing actual data or evidence with alternate information, often to sway opinions or decisions.
Conventional Wisdom
Widely accepted beliefs or notions that are perceived as unquestionable truths in society, regardless of their factual basis.
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