Don't fall victim to confirmation bias. If you set up your innovation experiments to just prove or confirm what you hope to find, you will miss out on the sort of valuable information and insights you can use to actually make your solution better. Instead, focus on continuously improving. Improve. Don't prove.
Sometimes, having more information will not make your decisions any better. Yet many people panic before making any decision, and want to keep gathering more data and information before they feel "ready" to make the correct choices. This is often referred to as analysis paralysis. And one of the cognitive biases which may underpin it [...]
Which would you prefer? Getting one dollar today, or three dollars tomorrow? According to research, individuals and companies often choose options that give them a small gain in the short term, when if they were to wait a bit longer they would receive more. This is due to a cognitive bias known as hyperbolic discounting. [...]
Have you ever wanted to buy something, but the person selling wanted more than you thought it was worth? That person might have been suffering from the Endowment Effect. The Endowment Effect is a cognitive bias where people who own a good to value it more than people who do not. It was popularised by [...]
Some people still debate whether creativity is something which only certain people are born with, or whether it can be developed in everyone. Well, we have already previously seen that creativity is determined more by our nurture (upbringing) than by our nature (genes we are born with). However, we have also seen that children appear [...]
Have you ever had a situation where you felt like you were not getting the credit you deserve for your contributions? Or have you ever wondered how other people seem to not understand how good an idea that you had was? Then you might be suffering from a cognitive bias known as the Egocentric Bias. [...]
I have previously shared research about the cognitive bias of the rosy retrospective. In it, we found evidence that people seem to remember things as more positive than they were in reality at the time they happened. Now, there is another related but different bias which I quickly want to highlight: Declinism. Declinism is not [...]
You hear me talk about cognitive biases a lot. They affect everything from what sort of information be believe, what we like, who we hang out with and what we look for. However, as intelligent readers of this blog, surely you are more aware of your biases and less biased than other people... Right? Well, [...]
I just wanted to share some quick news. I was honoured to find out that I was recently selected by Thinkers 360 as their #1 Thought Leader and Influencer on the topic of Creativity. See the announcement from Linkedin embedded below:
Does it make sense to just follow the crowd? Well, sometimes it could end up leading you to make bad decisions, just because everyone else thinks it is a good idea. The bandwagon effect is a cognitive bias where people adopt certain behaviors, styles, or attitudes simply because others are doing so. It is due [...]
