Keywords: Decision-making, problem-solving, cognitive bias, leadership, team thinking
Cognitive bias is probably responsible for more errors in decision-making by leaders than any other cause. Many studies have shown that cognitive bias often leads to irrational, ineffective and costly decisions in organisations. Cognitive bias has been found to be responsible for inaccurate assumptions, inadequate problem diagnosis and poor decisions and judgements. This has been found to be the case, particularly in situations of complexity, uncertainty and ambiguity where cognitive bias frequently leads to perceptual distortions and faulty judgement making.
Previous studies have demonstrated the effect of cognitive bias in contributing to poor decision-making in business, in the judicial system, in healthcare, in the aeronautics industry, in many aspects of foreign policy and domestic politics to the extent that it is most certainly contributed to the declaration of wars and has on at least one occasion almost resulted in a nuclear war.
Get the full research briefing including all references
About our research briefings
Not a member?
Apply to join now and get:
- Weekly research briefings sent direct to you every week
- A copy of the Oxford Review containing between twelve and sixteen additional research briefings every month
- Research Infographics
- Video research briefings.
- Special reports / short literature reviews on topics that appear to be getting a lot of research attention or if there has been a recent shift in the thinking or theory
- The ability to request a watch list for new research in keyword areas (as long as it is within the realms of:
- Human resources (not legal aspects)
- Organisational development
- Organisational change
- Organisational learning
- Learning and development,
- Work Psychology
- Decision making
- Request specific research / brief literature reviews
- Access to the entire archive of previous research briefings, copies of the Oxford Review, infographics, video research briefings and special reports.
- Access to Live Reports – continually updated as new research on the topic is released
- Members only podcasts – research briefings in audio – coming soon
- Live continually updated reports
Be the most up-to-date person in the room
Be impressively well informed
Get the very latest research intelligence briefings, video research briefings, infographics and more sent direct to you as they are published
Be the most impressively well-informed and up-to-date person around...