As people grow older, their cognitive ability tends to diminish - a gradual decline that presumably affects decision-making in all facets of life.
Some biases affect decision-making, where the desirability of options has to be considered (e.g., Sunk Cost fallacy).
John T. Kaatz, a consultant to convention industries, said 15 percent is the line at which hotel taxes begin to get national attention and affect decision-making.
It has in many instances affected local policy and decision-making regarding the selling of games to minors.
A large body of evidence, however, shows that status quo bias frequently affects human decision-making.
She has explored how behavioral biases affect financial decision-making in other contexts.
A. How can moods affect decision-making?
But, it said, these relationships can also "lead to conflicts of interests that may affect clinical decision-making" and "threaten the underlying integrity of the health care system."
All factors affecting decision-making are the subject matter of study of management.
Models of nature affect human decision-making.