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Disagree and commit is a management principle that individuals are allowed to disagree while a decision is being made, but that once a decision has been made, everybody must commit to implementing the decision. Disagree and commit is a method of avoiding the consensus trap, in which the lack of consensus leads to inaction.
For example, Judge Richard Posner once remarked that falsus in uno was a "discredited doctrine" based on "primitive psychology". This assertion was not made in relation to fraudulent documentation or a "material" inconsistency; rather, it was based on what the court characterizes as "innocent mistakes, trivial inconsistencies, and harmless ...
George Box. The phrase "all models are wrong" was first attributed to George Box in a 1976 paper published in the Journal of the American Statistical Association.In the paper, Box uses the phrase to refer to the limitations of models, arguing that while no model is ever completely accurate, simpler models can still provide valuable insights if applied judiciously. [1]
The correct quote is 'If you build it, he will come.' 'Wall Street' Though Gordon Gekko definitely thinks greed is good, his quote is actually 'Greed, for lack of a better word, is good.'
Examples [ edit ] There is a common motif in Russian folk tales , where a vityaz (Russian knight ) comes to a fork in the road and sees a menhir with an inscription that reads: "If you ride to the left, you will lose your horse, if you ride to the right, you will lose your head".
Once a(n) _, always a(n) _ Once bitten, twice shy; One good turn deserves another; One half of the world does not know how the other half lives; One hand washes the other; One kind word can warm three winter months; One man's meat is another man's poison; One man's terrorist is another man's freedom fighter
Double-loop learning is used when it is necessary to change the mental model on which a decision depends. Unlike single loops, this model includes a shift in understanding, from simple and static to broader and more dynamic, such as taking into account the changes in the surroundings and the need for expression changes in mental models. [3]
Decision-making paradox: Selecting the best decision-making method is a decision problem in itself. Ellsberg paradox : People exhibit ambiguity aversion (as distinct from risk aversion ), in contradiction with expected utility theory.