Business Term of the Day. Confirmation Bias, it is the tendency - TopicsExpress



          

Business Term of the Day. Confirmation Bias, it is the tendency to favor your own hypothesis and selectively collect information that supports your belief. It can be particularly common amongst business founders or leaders who need to believe in their idea in order to see it through. The danger comes when they build a concept on early numbers, then are unwilling to deviate from their original plan in spite of new evidence. A new one will post tomorrow.
Posted on: Thu, 27 Mar 2014 17:42:12 +0000

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