Examlex
Product life cycle (PLC)systems maintain design data from product conception to retirement excluding minor design updates.
Omission Bias
Omission bias is the tendency to favor an act of omission (not doing something) over one of commission (doing something), often due to the fear of making a wrong choice.
Status Quo Bias
A cognitive bias where individuals prefer retaining current conditions to change or new alternatives, due to the perceived comfort or safety in familiarity.
Rationalizing Decision
The process of providing logical or rational reasons to justify a decision, often after the decision has been made.
Analyzing Options
The process of evaluating different choices or paths before making a decision.
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