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What is the formula for the ionic compound formed between lithium and bromide?
Satisfice
Satisfice is a decision-making strategy that involves choosing an option that meets the minimum requirements necessary for satisfaction, rather than optimizing for the best possible outcome.
Escalation of Commitment
A phenomenon where people increase their investment in a decision despite new evidence suggesting it may be wrong, often due to cognitive biases or emotional attachment.
Poor Choices
Decisions made that lead to suboptimal or negative outcomes, often due to a lack of information or foresight.
Substantial Costs
Significant expenses or outlays that a company or individual may incur.
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