Take the Best Heuristic
A decision-making rule where individuals choose the option with the highest perceived value based on the first good reason that comes to mind, ignoring other information.
299 topics found for
“informed decisions”
Infomediary
An intermediary that gathers and provides information to users, typically in an online context.
Ambiguity Effect
A cognitive bias where decision-making is affected by the lack of information or uncertainty.
Framing Bias
A cognitive bias where people's decisions are influenced by how information is presented rather than just the information itself.
Anchoring
Anchoring (also known as Focalism) is a cognitive bias where individuals rely heavily on the first piece of information (the "anchor") when making decisions.
KOS
Knowledge Organization System (KOS) refers to a structured framework for organizing, managing, and retrieving information within a specific domain or across multiple domains.
McNamara Fallacy
The error of making decisions based solely on quantitative observations and ignoring all other factors.
Mapping
The process of creating visual representations of data or information to enhance understanding and decision-making.
Illusion of Validity
A cognitive bias where individuals overestimate the accuracy of their judgments, especially when they have a lot of information.