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Summary

What is Illusion of Control Bias? Meaning.

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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🔥	NEW Illusion of Control of Sales Managers Sales managers, team leaders, and target setters suffer from this illusion of control. They typically think that pushing (...) 4 1 comments

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How to Use Counterintuition to Fight 5 Frequent Decision Making Errors

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

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