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Sample flowchart representing a decision process when confronted with a lamp that fails to light. In psychology, decision-making (also spelled decision making and decisionmaking) is regarded as the cognitive process resulting in the selection of a belief or a course of action among several possible alternative options.
Despite this, more choices result with more dissatisfaction and regret in decisions. [3] The feeling of responsibility causes cognitive dissonance when presented with large array situations. [5] In this situation, cognitive dissonance results when there is a mental difference between the choice made and the choice that should have been made.
After that, a choice will be made based on the preference order. [10] The concept of rationality used in rational choice theory is different from the colloquial and most philosophical use of the word. In this sense, "rational" behaviour can refer to "sensible", "predictable", or "in a thoughtful, clear-headed manner."
Group decision-making (also known as collaborative decision-making or collective decision-making) is a situation faced when individuals collectively make a choice from the alternatives before them. The decision is then no longer attributable to any single individual who is a member of the group.
Another example is a trader who would make a moderate and risky decision to trade their stock due to time pressure and imperfect information of the market at that time. In an organisational context, a CEO cannot make fully rational decisions in an ad-hoc situation because their cognition was overwhelmed by a lot of information in that tense ...
Self-actualization, in Maslow's hierarchy of needs, is the highest personal aspirational human need in the hierarchy.It represents where one's potential is fully realized after more basic needs, such as for the body and the ego, have been fulfilled.
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A normal acronym is a word derived from the initial letters of the words of a phrase, [2] such as radar from "radio detection and ranging". [3] By contrast, a backronym is "an acronym deliberately formed from a phrase whose initial letters spell out a particular word or words, either to create a memorable name or as a fanciful explanation of a ...