Understanding biases can lead to more objective decisions from "summary" of Judgment in Managerial Decision Making by Max H. Bazerman,Don A. Moore
Understanding biases can lead to more objective decisions. Biases are systematic errors in thinking that can affect our judgment and decision-making processes. By recognizing and understanding these biases, individuals can take steps to minimize their impact and make more rational and objective decisions.
One common bias that can influence decision-making is the confirmation bias, which is the tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses. This bias can lead individuals to ignore information that contradicts their beliefs and focus only on information that supports them.
Another bias that can impact decisi...
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