Examlex
Which of the following would be associated with grass-eaters?
Complete Information
A condition in decision-making where all relevant data and potential outcomes are known and accessible.
Probabilities
The measure of the likelihood that an event will occur, quantified as a number between 0 and 1, where 1 indicates certainty.
Escalation of Commitment
Escalation of commitment refers to the phenomenon where individuals or groups continue to invest in a decision or project despite evidence of its ineffectiveness or failure, often due to cognitive biases.
Avoiding Trap
A decision-making error where individuals choose to evade or postpone decisions to avoid conflict or mistakes.
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