Examlex
The Goal-Setting theory was developed by Edwin Locke and posits that goals enhance human performance because they direct attention and affect effort and persistence.
Implicit Favorite
An unconsciously preferred choice or option among a set of alternatives, often influencing decision-making processes.
Alternatives
Are different options or choices available to decision-makers in a problem-solving or decision-making process.
Escalation of Commitment
The tendency to continue to invest in a decision or project despite evidence of its failure, often due to emotional attachment or sunk costs.
Prospect Theory
A psychological theory that describes how people choose between probabilistic alternatives that involve risk, where the potential for losses is weighted more heavily than equivalent gains.
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