Definition: Judgement Noise is a cause of variability and errors due to influences by irrelevant factors or data in judgement and decision-making. That's why noise is always undesirable. |
More on individual decision making: Anchoring Bias, Bayesian Theory, Black Swan Theory, Bounded Rationality, Cognitive Bias, more on individual decision making... You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA. MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration. We like to keep things short, and provide links to learn more about your subject. |
© 2024 MBA Brief - Last updated: 19-4-2024 - Privacy | Terms