Definition: the Stacey Matrix is a typical contingency approach to decision-making in which the best decision-making approach, management actions and control in responding to various business situations is chosen depending on with different degrees of complexity and agreement among stakeholders.
Learn more about the Stacey Matrix
More on individual decision making: Anchoring Bias, Bayesian Theory, Black Swan Theory, Bounded Rationality, Cognitive Bias, more...
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