Product Council
A group of stakeholders that regularly meet to discuss and guide the development and strategy of a product or product line.
299 topics found for
“decision-making in design”
Intentionality Bias
The tendency to attribute intentional actions to others' behaviors, often overestimating their intent.
Planning Fallacy
A cognitive bias where individuals underestimate the time, costs, and risks of future actions while overestimating the benefits.
Allais Paradox
A decision-making paradox that shows people's preferences can violate the expected utility theory, highlighting irrational behavior.
Representativeness
Representativeness is a heuristic in decision-making where individuals judge the probability of an event based on how much it resembles a typical case.
Design Strategy
An approach to design that aligns design activities with strategic business goals, ensuring that design contributes to overall organizational success.
Sunk Cost Fallacy
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.
Ambiguity Effect
A cognitive bias where decision-making is affected by the lack of information or uncertainty.
Base Rate Fallacy
A cognitive bias where people ignore general statistical information in favor of specific information.