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Essay text:
Investment traps occur when prior expenditures of time, money, or other resources lead people to make choices they would not otherwise make (Plous, 1993). The investment trap phenomena can be avoided if enough time and money is available.
In conclusion, the decision making principals that were mentioned above imply that decision making and confidence levels have a gap between them-the more confident one is the wider the gap between the confidence level and the real answer. A good decision maker will recognize this gap and will try to incorporate an intentional trap into his or her decision making process...
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Common topics in this essay:
- Ath Technologies Inc.: Making The Numbers
- Decision Making
- Decision Making
- Decision Making
- Decision Making
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- Making Decision
- Making The Decision
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