Zero-Risk Bias
A cognitive bias where people prefer the option that seems to eliminate risk entirely, even if another option offers a greater overall benefit.
80 topics found for
“early decision-making”
Reference Dependence
A cognitive bias where individuals evaluate outcomes relative to a reference point rather than on an absolute scale.
BRE
Business Rules Engine (BRE) is a software system that executes one or more business rules in a runtime production environment.
Business Analytics
The process of using statistical analysis and modeling to explore and interpret business data to make informed decisions.
KPI
Key Performance Indicators (KPIs) are quantifiable measures used to evaluate the success of an organization, employee, or project in meeting objectives for performance.
CoD
Cost of Delay (CoD) is a metric that quantifies the economic impact of delaying a project, feature, or task.
Illusion of Control
The tendency for people to overestimate their ability to control events.
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.
Placing Bets
A strategic approach where multiple potential solutions are tested to identify the most promising one.