Probability Matching
A decision-making strategy where individuals allocate resources proportionally to the probability of an outcome occurring, rather than optimizing the most likely outcome.
A decision-making strategy where individuals allocate resources proportionally to the probability of an outcome occurring, rather than optimizing the most likely outcome.
A theory in economics that models how rational individuals make decisions under risk by maximizing the expected utility of their choices.
A qualitative research method that studies people in their natural environments to understand their behaviors, cultures, and experiences.
The tendency for individuals to continue a behavior or endeavor as a result of previously invested resources (time, money, or effort) rather than future potential benefits.
The study of complex systems and how interactions within these systems give rise to collective behaviors.
The process of understanding user behaviors, needs, and motivations through various qualitative and quantitative methods.
A collaborative tool used to visualize what a user thinks, feels, says, and does to better understand their experiences and needs.
An experimental design where different groups of participants are exposed to different conditions, allowing for comparison between groups.
A cognitive bias where people seek out more information than is needed to make a decision, often leading to analysis paralysis.