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The article describes a situation where a series of small, individually rational decisions can negatively change the context of subsequent choices, even to the point where desired alternatives are irreversibly destroyed. Kahn described the problem as a common issue in market economics which can lead to market failure. [1]
However, negative utilitarianism lays out a consequentialist theory that focuses solely on minimizing bad consequences. One major difference between these two approaches is the agent's responsibility. Positive consequentialism demands that we bring about good states of affairs, whereas negative consequentialism requires that we avoid bad ones ...
Decision uncertainty, positive performance trend information, and expressed preference for initial decision have been found to have positive relationships. [ 9 ] High costs of ending a project or changing its course, potential financial gain upon completion, and extensive structure can factor in to escalation of commitment, making it difficult ...
Regardless of the issue or the era, the response to unprecedented events is directionally the same: more power and authority for a small group of people at the top, taking away decisions we’ve ...
Intertemporal choice is defined as "decisions with consequences that play out over time". [100] This is often assessed using the relative value people assign to rewards at different points in time, either by asking experimental subjects to choose between alternatives or examining behavioral choices in a naturalistic setting.
Inaccurate self-assessment could potentially lead people to making bad decisions, such as choosing a career for which they are unfit, or engaging in dangerous behavior. It may also inhibit people from addressing their shortcomings to improve themselves. Critics argue that such an effect would have much more dire consequences than what is observed.
Bad ideas have bad consequences. Some ways of life are worth fighting for.
An erosion gully in Australia caused by rabbits, an unintended consequence of their introduction as game animals. In the social sciences, unintended consequences (sometimes unanticipated consequences or unforeseen consequences, more colloquially called knock-on effects) are outcomes of a purposeful action that are not intended or foreseen.