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Glossary

Cognitive bias

Cognitive bias: Cognitive biases are systematic distortions of judgement: mental shortcuts that lead to predictably wrong conclusions.

Amos Tversky and Daniel Kahneman described them in the article "Judgment under Uncertainty: Heuristics and Biases" (Science, 1974). Confirmation bias, availability bias, anchoring and the bandwagon effect are examples. In a company they turn a clue into false proof.

An example

A sales director judges a market by the last two customers met, and overlooks the data of the whole year.

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cc$BY-NCEnrico Giubertoni. Licensed under CC BY-NC 4.0: you may quote, translate and adapt this entry with the author’s name and a link, stating any changes. For commercial use, write to info@enricogiubertoni.com

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