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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... 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.
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