Dealing With Complexity Flashcards

1
Q

Incentive (ɪnˈsen.tɪv)

A

something that encouragea personto do something

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2
Q

Insight /ˈɪn.saɪt/

A

aclear,deep, and sometimessuddenunderstandingof acomplicatedproblemorsituation

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3
Q

make a killing

A

to earn a lot of money in a short time and with little effort

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4
Q

iterative /ˈɪt.ər.ə.tɪv/

A

doing something again and again, usually to improve it

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5
Q

bounded rationality

A

ECONOMICS
the theory that people can understand only a limited amount of information within a limited amount of time, and for this reason they do not always make the best decisions, especially in complicated situations:

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6
Q

Tractability /ˌtræk.təˈbɪl.ə.ti/

A

the quality of being tractable (= easily dealt with, controlled, or persuaded)

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7
Q

inflated
/ɪnˈfleɪ.tɪd /

A

Inflatedprices,costs,numbers, etc. arehigherthan they should be, orhigherthanpeoplethinkisreasonable

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8
Q

anticipate
/ænˈtɪs.ɪ.peɪt/

A

to imagine or expect that something will happen

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9
Q

Payoff
ˈpeɪ.ɒf

A

an advantage gained as the result of a decision, series of actions, etc

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10
Q

Plea bargain
ˈpli ˌbɑr·ɡən

A

an agreement to allow someone accused of a crime to admit to being guilty of a less serious crime in order to avoid being tried for the more serious one

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11
Q

Joint /dʒɔɪnt/

A

belonging to or shared between two or more people

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12
Q

Equilibrium /ˌek.wɪˈlɪb.ri.əm/

A

The sate of balance

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13
Q

Mbps

A

Millions of bits per second

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14
Q

free rider

A

a person or company that gets an advantage without paying for it or earning it

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15
Q

shorthand

A

a system of fast writing, using lines and symbols to represent letters, words, and phrases

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16
Q

Focal point
/ˌfəʊ.kəl ˈpɔɪnt/

A

the thing that everyone looks at or is interested in

17
Q

Last Resort

A

the only choice that remains after all others have been tried

18
Q

Zero-sum game

A

a situation in which an advantage that is won by one of two sides is lost by the other

19
Q

Pre-emptive
/ˌpriːˈemp.tɪv/

A

it is done before other people can act, especially to prevent them from doing something else

20
Q

Compelling

A

making you believe it or accept it because it is so strong

21
Q

War of Attrition

A

that is fought over a long period and only ends when one side has neither the soldiers and equipment nor the determination left to continue fighting

22
Q

Proponent
/prəˈpəʊ.nənt/

A

a person who speaks publicly in support of a particular idea or plan of action

23
Q

Elicit

A

to get or produce something, especially information or a reaction

24
Q

Comply

A

Consent

25
Q

Audit
ˈɔː.dɪt

A

to make an official examination of the accounts of a business and produce a report

26
Q

Collusion

A

Agreement between people to act together secretly illegally in order to deceive or cheat somebody (plotting)

27
Q

Undercut

A

Charge less than a compete

28
Q

Induction

A

the process of discovering a general principle from a set of facts

29
Q

Deduction

A

the process of reaching a decision or answer by thinking about the known facts, or the decision that is reached