Illusion of Control Bias

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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.

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

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Expert Tips - Illusion of Control Bias Premium   How to Use Counterintuition to Fight 5 Frequent Decision Making Errors Mauboussin describes five mistakes in decision mak... 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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