Managers need to be aware of their cognitive biases from "summary" of Judgment in Managerial Decision Making by Max H. Bazerman,Don A. Moore
The concept of managers needing to be aware of their cognitive biases is crucial in the field of decision making. As human beings, individuals are prone to making decisions based on biases that can cloud their judgment. These biases can stem from a variety of factors such as past experiences, emotions, and social influences. When managers are not aware of their cognitive biases, they run the risk of making flawed decisions that can have negative consequences for their organizations. By being aware of their cognitive biases, managers can take steps to mitigate their impact on decision making. This awareness involves recognizing when biases may be at play and actively seeking out alternative perspectives or information to counteract them. It also requires managers to be open to feedback and criticism from others, as outside viewpoints can help challenge their biases and lead to more rational decision making....
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