Examlex
When the test statistic for the Friedman test is equal to or smaller than the critical value,we reject the null hypothesis.
Escalation of Commitment
The phenomenon where people continue to invest in a decision or project despite evidence of its failure, often due to pride or fear of loss.
Divergent Thinking
A thought process or method used to generate creative ideas by exploring many possible solutions, often leading to innovative outcomes.
Programmed Decision
A decision-making process that follows a set of established procedures or rules, often used for routine and repetitive decisions.
Bounded Rationality
A concept suggesting that individuals make decisions based on the limited information available to them and their own cognitive limitations.
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