The Compromise effect in areas of decision making deals with choosing between options involving extremes. When faced with choices, the decider will tend to favor options holding moderate benefits as opposed to options resulting in extreme consequences. The Compromise Effect operates under a mindset driven by the belief that the most moderate option, amid extremes, carries the most benefits from each extreme.
Reference: http://en.wikipedia.org/wiki/Decision_theory
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Reference: http://en.wikipedia.org/wiki/Decision_theory
- created at http://www.b2bwhiteboard.com
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- Education
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