decision-making(2)


Abilene paradox

It is possible for a group to decide on something that is against most or all of the group members' preference.

Tagged With: Cognitive Bias, Need to Act fast, Want to have autonomy and status, decision-making,

Sunk Cost Fallacy

People generally put in more investment into a failing thing to win back the investment that has already gone in.

Tagged With: Cognitive Bias, Need to Act fast, We want to finish things, decision-making, fallacy,