Tag Archives: speed

Hasty Decisions Reduce Accuracy – The Speed-Accuracy Trade-Off

In making decisions, there is a balance between the speed we arrive at a decision and the degree of accuracy with which that decision will give us what we expected. This is called the speed-accuracy trade-off, where hasty decisions tend to be suboptimal than slower deliberate decisions. In general, the quicker we make a decision the more error-prone it is. […]

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