The confirmation bias causes leaders to look for information that confirms their beliefs and reject information that does not. To overcome this dangerous cognitive bias, leaders should test decisions by trying to prove themselves wrong. That's the key take-away message of this episode of the Wise Decision Maker Show, which describes how confirmation bias reduces business profits.
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It's been great to have Dr. Tsipursky's lessons about cognitive bias and decision making. I have learned a lot of important things which helped me to improve my decision-making skill. I believe I am also a victim of confirmation bias and I always look for information that confirms their beliefs and rejects information that does not. This lesson will definitely help me to improve my decision-making and reduce losses. Thanks for sharing this informative content.
Wonderful podcast! I truly agree that Leaders with confirmation bias seek information that confirms their opinions and reject information that does not. To combat this perilous cognitive bias, leaders should put their judgments to the test by attempting to prove themselves incorrect. Thank you so much for sharing this helpful podcast. I truly appreciate it.
Informative. I agree that to overcome this dangerous cognitive bias, leaders should test decisions by trying to prove themselves wrong. Thanks for sharing.
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