In business, as in other places of life, uncertainty lurks around every corner. What does the future hold? How can we prepare for the unexpected? What’s the right choice sometimes in this way? We humans have developed a repertory of unconscious mechanisms to help us contend with insecurity.
They can also cloud our judgment, while feelings of helplessness and paralysis may assuage. The authors elucidates how three such mind traps function: hindsight bias, overconfidence and risk seeking for losses.
PUBLICATION DATE: June 15, 2009 PRODUCT #: IIR003-PDF-ENG
Mind Your Mind Traps Case Study Solution
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