Examlex
Customers can pay for products at Macy's using Google Wallet,a mobile payment app.At the register,customers simply tap their phones on an augmented reality device in order to transfer funds to Macy's.
Heuristics
Cognitive shortcuts or rules of thumb that simplify decision making by reducing complex problem-solving to simpler judgment processes.
Ethical implications
The moral consequences or considerations arising from actions, decisions, or policies in personal, professional, or organizational contexts.
Decision entrapment
A situation where individuals continue to invest in a decision despite new evidence suggesting it may have been the wrong choice.
Satisficing
A decision-making strategy that involves selecting an acceptable or adequate solution, rather than the optimal one.
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