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Neglect of probability, the tendency to completely disregard probability when making a decision under uncertainty. [52] Scope neglect or scope insensitivity, the tendency to be insensitive to the size of a problem when evaluating it. For example, being willing to pay as much to save 2,000 children or 20,000 children.
Claims about its significance often focus on how it causes affected people to make decisions that have bad outcomes for them or others. For example, according to Gilles E. Gignac and Marcin Zajenkowski, it can have long-term consequences by leading poor performers into careers for which they are unfit.
In decision making and psychology, decision fatigue refers to the deteriorating quality of decisions made by an individual after a long session of decision making. [1] [2] It is now understood as one of the causes of irrational trade-offs in decision making. [2] Decision fatigue may also lead to consumers making poor choices with their purchases.
To understand all the consequences of an important choice takes time and attention -- even if both are hard to come by. I've written before about the importance of sleep. Tired brains lose their ...
Those presented with bad outcomes rated the decision worse than those who had good outcomes. "The ends justify the means" is an often-used aphorism to express the outcome effect when the outcome is desirable. This mistake occurs when currently available information is incorporated when evaluating a past decision.
Self-justification thought process is a part of commitment decisions of leaders and managers of a group and can therefore cause a rise in commitment levels. [citation needed] This attitude provides "one explanation for why people escalate commitment to their past investments." [7] Managers make decisions that reflect previous behavior. Managers ...
Internal self-justification helps make the negative outcomes more tolerable and is usually elicited by hedonistic dissonance. For example, the smoker may tell himself that smoking is not really that bad for his health. External self-justification refers to the use of external excuses to justify one's actions.
Sample flowchart representing a decision process when confronted with a lamp that fails to light. In psychology, decision-making (also spelled decision making and decisionmaking) is regarded as the cognitive process resulting in the selection of a belief or a course of action among several possible alternative options.
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