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.
A phenomenon where the winner of an auction tends to overpay due to emotional competition, leading to a less favorable outcome than anticipated.
Also known as Self Relevance Effect, the tendency for individuals to better remember information that is personally relevant or related to themselves.
The path taken by a user to complete a task on a website or application, including all the steps and interactions along the way.
The tendency to perceive and interpret information based on prior experiences and expectations, influencing how different users perceive design differently.
A structured classification of risks into categories, helping organizations identify, assess, and manage different types of risks.
The core principles that underpin agile methodologies, focusing on collaboration, flexibility, and customer satisfaction.
The study of structures of consciousness as experienced from the first-person point of view.
The ability of an organization to adapt quickly to market changes and external forces while maintaining a focus on delivering value.
A high-level description of a system's structure and interactions, focusing on its market-facing aspects rather than technical details.