A decision matrix is a tool used to evaluate and prioritize a list of options based on specific criteria, helping decision-makers systematically weigh the pros and cons of each choice. This structured approach allows for more objective decision-making, reducing the influence of biases like overconfidence, often seen in individuals who may fall victim to the Dunning-Kruger effect. Additionally, decision matrices can aid in balancing the need for thorough bias mitigation while also maintaining efficiency in the decision-making process.
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