Ratio Bias
A cognitive bias where people judge the likelihood of an event based on its relative size rather than absolute probability.
212 topics found for
“informed decision-making”
Informational Influence
The change in opinions or behavior that occurs when individuals conform to the information provided by others.
DACI Framework
Drivers, Approvers, Contributors, and Informed (DACI) is a responsibility assignment framework that clarifies roles and responsibilities.
Competitive Intelligence
The process of gathering and analyzing information about competitors to inform business strategy and decision-making.
Framing
The way information is presented to users, which can significantly influence their decisions and perceptions.
Confirmation Bias
The tendency to search for, interpret, and remember information in a way that confirms one's preexisting beliefs or hypotheses.
BI
Business Intelligence (BI) encompasses technologies, applications, and practices for the collection, integration, analysis, and presentation of business information.
User Empowerment
The process of enabling users to take control of their interactions with a product or system, enhancing their confidence and satisfaction.
Decision Theory
The study of how individuals make choices among alternatives and the principles that guide these choices.