Illusion of Control Bias

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Description of Illusion of Control Bias. Explanation.

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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.


It is one form of Cognitive Bias that is particularly relevant for strategists, policy makers and decision-makers


Illusion of Control Bias Forum
  Illusion of Control of Sales Managers
Sales managers, team leaders, and target setters suffer from this illusion of control. They typically think that pushing harder will increase effort / sales. I think in today's world an organization should turn that push into a pull concept by creat...
     
 

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How to Use Counterintuition to Fight 5 Frequent Decision Making Errors

Mauboussin describes five mistakes in decision making that are often made and result in making the wrong decisions. These five mistakes are:
1...
Usage (application): Strategic Decision Making, Dealing with Complexity, Dealing with Uncertainty, Strategy
 
 

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Compare also: Analogical Strategic Reasoning  |  Organizational Resilience  |  Black Swan Theory  |  Stretch Goals  |  Employee Attitude Survey  |  Charismatic Leadership

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