Novelty and Cognitive Bias

Discuss Novelty and Cognitive Bias: Which characterizations of cognitive bias have you experienced?

Describe them and how they may have contributed to a poor outcome.

1) Overweighing one’s experience

2) Illusion of experience

3) Overconfidence

4) Failure to observe or believe disconfirming evidence

5) Escalation of commitment

6) Migration of objectives

Sample Solution