Examlex
An individual firm supply curve equals:
Decision-making
The procedure of choosing by pinpointing a decision, collecting information, and evaluating different solutions.
Abilene
A paradox in decision-making in which a group makes a collective decision that is counter to the preferences of many or all of its members due to a failure in communication or assumption of consensus.
Un-air-conditioned Car
A vehicle lacking a system to cool and dehumidify the air inside, potentially leading to discomfort in warm weather conditions.
Risky Shift
The phenomenon where groups tend to make riskier decisions together than individuals would on their own.
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