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Oct. 9—WEST POINT — Cullman County students are getting a look at the importance of staying in school and making good decisions as the Choice Bus kicked off a tour of the school system this ...
Allowance is a hot topic with both parents and kids, but Kobliner says it doesn’t really matter if you give your child an allowance or not. “You have to do the 4 C’s: You have to be clear on ...
Choice architecture is the process of encouraging people to make good choices through grouping and ordering the decisions in a way that maximizes successful choices and minimizes the number of people who become so overwhelmed by complexity that they abandon the attempt to choose. Generally, success is improved by presenting the smaller or ...
Consumer education is the preparation of an individual to be capable of making informed decisions when it comes to purchasing products [1] in a consumer culture.It generally covers various consumer goods and services, prices, what the consumer can expect, standard trade practices, etc.
It is easier to make a careful and thought-out decision if there are fewer factors to consider. On the other hand, it may be easier to make decisions with a gut reaction if there are too many factors that need to be considered. [9] In order for a gut reaction to be accurate, one must be well-versed in the subject.
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Another important factor is the memory of events in decision making. The mood someone has works as "a retrieval cue" whereby happy feelings make positive materials come to mind which in turn have great impact on the decisions that are made. The same is true of negative feelings. [17]
Since then, decision analysis tools and decision quality concepts have been adopted by many corporations to guide and improve their decisions. [5] Starting in 2014, the Society of Decision Professionals is recognizing organizations that made DQ a core competency across the entire organization with the Raiffa-Howard Award, presented annually. [ 6 ]