Tag: Decision Making
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Oversimplification
Oversimplification reduces intricate ideas to basic summaries, potentially obscuring important details and fostering generalizations that might mislead, often affecting both the individual understanding and broader public discourse.
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Opportunity Cost
Opportunity cost quantifies the trade-off between options, serving as a cornerstone for strategic decision-making by measuring the value of the next best alternative.
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Safetyism
Stemming from Western societies in the late 20th century, Safetyism emphasizes the priority given to physical and emotional safety. Its reach extends from educational methodologies to policy frameworks, reflecting a societal shift towards heightened protection.
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Comfort Zone
In psychology, the “Comfort Zone” represents a space of familiarity and control, producing steady outcomes. Defined by individual routines, its perimeters encompass areas of beneficial challenges and heightened anxiety.
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Cui Bono
Derived from Roman legal traditions, “Cui Bono” translates as “To whom is it a benefit?”. Historically used to discern motives by pinpointing beneficiaries, it’s now a widely-used tool for navigating complex societal and economic dynamics.
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Dead Reckoning
Historically foundational in navigation, dead reckoning determines position from a known location, travel direction, and distance. Originating from the concept of deduction, its principles continue to influence domains such as robotics.
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Cognitive Dissonance
The term cognitive dissonance describes mental tension experienced when holding contradictory beliefs. To relieve this unease, individuals often modify their attitudes or gather supportive information. The theory’s principles have broad applications, from decision-making to public policy.
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Zugzwang
In chess, Zugzwang captures the paradox where moving worsens a player’s position, but inaction isn’t an option. This strategic conundrum, rooted in German terminology, also metaphorically frames challenging decisions in broader contexts, including business and international relations.
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Path Dependence
Path dependence underscores how past choices shape present outcomes, often solidifying specific trajectories. Elements like sunk costs and increasing returns further entrench these paths. Though rooted in economics, the principle illuminates patterns in political, technological, and sociological realms.