Title
Date of this Version
10-7-2019
Document Type
Book Chapters
Summary
- Entrepreneurs face a host of innate biases that inhibit their ability to make optimal and objective decisions under conditions of uncertainty.
- Biases include overconfidence bias, illusion of control bias, anchoring and adjustment bias, confirmation bias, curse of knowledge bias, and optimism bias.
- Through awareness, collaboration and inquiry, open discussion, and the deliberate challenging of consensus, entrepreneurs can mitigate these innate biases.
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.
Recommended Citation
Meer, Elana
(2019)
"Innate Biases,"
Academic Entrepreneurship for Medical and Health Scientists: Vol. 1
:
Iss.
1
, Article 8.
Available at:
https://repository.upenn.edu/ace/vol1/iss1/8