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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How to Use Counterintuition to Fight 5 Frequent Decision Making Errors
Strategic Decision Making, Dealing with Complexity, Dealing with Uncertainty, Strategy (...)
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