Examlex
The increasing use of empowered self-managed teams goes hand in hand with downsizing.
Prospect Theory
An economic theory that describes how people choose between probabilistic alternatives that involve risk, where the probabilities of outcomes are uncertain.
Framing Effect
The impact on decision making caused by the way information is presented, where different presentations of the same information can lead to different decisions.
Faulty Decisions
Choices made based on incorrect assumptions or incomplete information, leading to suboptimal outcomes.
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