Behavioral Game Theory
The study of strategic decision making, incorporating psychological insights into traditional game theory models.
80 topics found for
“early decision-making”
Salience Bias
A cognitive bias where people focus on the most noticeable or prominent information while ignoring less conspicuous details.
Competitive Intelligence
The process of gathering and analyzing information about competitors to inform business strategy and decision-making.
Homo Economicus
A theoretical concept in economics that portrays humans as rational and self-interested agents who aim to maximize their utility.
Standard Deviation
A statistical measure that quantifies the amount of variation or dispersion of a set of data values.
Winner’s Curse
A phenomenon where the winner of an auction tends to overpay due to emotional competition, leading to a less favorable outcome than anticipated.
Logistic Regression
A statistical method used to predict a binary outcome based on prior observations, modeling the probability of an event as a function of independent variables.
Moneyball
The practice of using data analytics and metrics to make informed decisions, focusing on measurable outcomes and efficiency rather than intuition or traditional methods.
Descriptive Analytics
The interpretation of historical data to identify trends and patterns.