Facebook
Facebook
Twitter
Twitter
LinkedIn
LinkedIn
Email
Email
0 Comments
Comments
3. Over-Confidence. Many times people are blind to alternatives and other points of view because of over-confidence bias. These types of individuals are often surprised to learn that their probability judgments are incorrect, and their ability to accurately predict outcomes is unrealistic.
4. Reluctance to ignore invested costs (or sunk-cost bias). The fear of wasting money and time invested in a project often prevents looking at the project objectively. Instead of scraping a project that is failing and starting over, some—due to sunk-cost bias—may invest additional money, time and company resources, hoping the project will deliver.
0 Comments
View Comments
Related Content
Comments