Illusion of Control Bias
|
|
Illusion of Control Bias |
|
Description of Illusion of Control Bias. Explanation. |
Definition Illusion of Control Bias. Description.
The Illusion of Control Bias is the human tendency to believe they can control or at least influence outcomes which they clearly cannot.
People often behave as if chance events are accessible to personal control. A well known example is throwing dices: people tend to throw harder for high numbers and softer for low numbers.
This type of Cognitive Bias is particularly relevant for strategists and decision-makers in general.
Compare also: Analogical Strategic Reasoning | Organizational Resilience | Stretch Goals | Employee Attitude Survey | Charismatic Leadership |
| Return to Management Hub: Communication & Skills | Decision-making & Valuation | Leadership | Strategy
More on Management | Return to Management Dictionary | |
|
End of description Illusion of Control Bias. An explanation. |
|
|
|
|
