Examlex
Your manager has asked you to shift usage and consumption of technology resources from a local environment managed by in-house IT staff to the Internet. What kind of computing will allow you to accomplish her goal?
Utility-Maximizing
A principle or approach in economics that suggests individuals allocate their resources in a way that maximizes their satisfaction or utility.
Heuristics
Mental shortcuts or rules of thumb that simplify decision-making processes, often at the cost of perfect accuracy or thoroughness.
Self-Serving Bias
A common tendency for individuals to attribute their successes to internal factors while attributing failures to external factors.
Cognitive Biases
Misperceptions or misunderstandings that cause systematic errors. Most result either from heuristics that are prone to systematic errors or because the brain is attempting to solve a type of problem (such as a calculus problem) for which it was not evolutionarily evolved and for which it has little innate capability.
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