Examlex
Compare and contrast the factor-rating system and the transportation method of linear programming as used in facility location decisions.
Cognitive Illusions
The systematic biases and errors in human decision making.
Decision-Making System
The cognitive process resulting in the selection of a belief or course of action among several alternative possibilities.
Gambler's Fallacy
The mistaken belief that if something happens more frequently than normal during a certain period, it will happen less frequently in the future, or vice versa.
Law of Small Numbers
A cognitive bias that leads people to draw broad conclusions from small data sets.
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