Product Council
A group of stakeholders that regularly meet to discuss and guide the development and strategy of a product or product line.
246 topics found for
“user decision-making”
Irrational Escalation
The phenomenon where people continue a failing course of action due to the amount of resources already invested.
Base Rate Fallacy
A cognitive bias where people ignore general statistical information in favor of specific information.
Gambler’s Fallacy
A cognitive bias where individuals believe that past random events affect the probabilities of future random events.
Similar To Me Bias
A cognitive bias where individuals favor others who are perceived to be similar to themselves, affecting judgments and decision-making.
Extension Neglect
A cognitive bias where people ignore the relevance of sample size in making judgments, often leading to erroneous conclusions.
Placing Bets
A strategic approach where multiple potential solutions are tested to identify the most promising one.
Machine Learning
A type of artificial intelligence that enables systems to learn from data and improve over time without being explicitly programmed.
Standard Economic Model
A theoretical framework in economics that assumes individuals act rationally and seek to maximize utility, used to predict economic behavior and outcomes.