Examlex
Expansion of factories, investment in new computers and/or equipment are processes of capital formation.
Groupthink
A psychological phenomenon that occurs within a group of people, where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.
Risky Shift
Tendency for group discussion to produce group decisions that are more risky than the mean of members’ pre-discussion opinions, but only if the pre-discussion mean already favoured risk.
Pre-Discussion
A phase prior to formal discussions where initial opinions or subjects may be informally exchanged.
Groupthink
A psychological phenomenon where the desire for harmony and conformity in a group leads to irrational and dysfunctional decision-making outcomes.
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