Dual Process Theory
A framework suggesting there are two systems of thinking: System 1 (fast, automatic) and System 2 (slow, deliberate), influencing decision-making and behavior.
26 topics found for
“optimal user choices”
Sales Metrics
Data points that represent an individual's, team's, or company's performance in the sales process.
Naive Allocation
A heuristic where individuals evenly distribute resources across all options, regardless of their specific needs or potential.
Bounded Rationality
A concept that humans make decisions within the limits of their knowledge, cognitive capacity, and available time, leading to satisficing rather than optimal solutions.
Opportunity Cost Neglect
A cognitive bias where individuals overlook or underestimate the cost of opportunities they forego when making decisions.
Data Distribution
The spread and pattern of data values in a dataset, often visualized through graphs or statistical measures.
Placing Bets
A strategic approach where multiple potential solutions are tested to identify the most promising one.
Critical Thinking
The objective analysis and evaluation of an issue in order to form a judgment.