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Rational Decision Model
A decision-making process that involves logical and systematic steps based on objective data and analysis rather than intuition or emotion.
Decision-Making
The process of making choices by identifying a decision, gathering information, assessing alternatives, and arriving at a conclusion.
Basic Steps
Fundamental phases or actions that are essential in initiating or completing a process or procedure.
Escalating Commitment
The phenomenon where individuals or organizations continue to invest time, money, or resources into a failing decision or project, often due to prior investments.
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