ECONOMICS

Detailed explanation-1: -Procrastination. Strategy in which a person delays making the decision until someone else makes the decision or until options disappear; deciding “ By default “

Detailed explanation-2: -Decision avoidance is a choice strategy whereby decision-makers fail to make a decision, postpone a decision, or make a de-cision that does not involve action or change (Beattie et al. 1994; Luce 1998; see Anderson 2003).

Detailed explanation-3: -Decisions are made explicitly whenever one consciously combines beliefs and values in order to choose a course of action. They are made implicitly whenever one relies on a ritualized response (habit, tradition) to cope with a choice between options.

Detailed explanation-4: -Escape-decision-making strategy in which you avoid a decision or make up and answer to deflect injury. Procrastination-decision-making strategy in which you delay making the decision until someone else makes the decision or until options disappear; deciding by default.