Intertemporal Choice
The study of how people make choices about what and how much to do at various points in time, often involving trade-offs between costs and benefits occurring at different times.
The study of how people make choices about what and how much to do at various points in time, often involving trade-offs between costs and benefits occurring at different times.
A principle often used in behavioral economics that suggests people evaluate options based on relative comparisons rather than absolute values.
Numeronym for the word "Interoperability" (I + 14 letters + Y), the ability of different systems, devices, or applications to work together and exchange information effectively without compatibility issues.
The emotional attachment an employee feels toward their organization, which influences their desire to stay.
A heuristic where individuals evenly distribute resources across all options, regardless of their specific needs or potential.
The process of investigating and experimenting with new technologies to understand their potential applications and benefits.
A cognitive bias where individuals tend to avoid risks when they perceive potential losses more acutely than potential gains.
The tendency to attribute positive qualities to one's own choices and downplay the negatives, enhancing post-decision satisfaction.
The use of technology to perform repetitive tasks or processes in a workflow, liberating skilled experts from tedious activities and empowering them to focus on higher-order problem-solving and creative tasks.