BUS 221 Lecture Notes - Lecture 6: Endangerment, Ryerson University, Confirmation Bias
6 Apr 2016
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Lecture notes for bus 221 business decision making (all sections) The argumentative fallacies and cognitive biases discussed in our previous lesson constitute significant obstacles to clear thinking and effective decision-making. But you are not entirely helpless against them. In this lesson, we will explore various tools you can use to combat fallacies and biases, to make it less likely that you and your organization will fall prey to them. We will look at what you as an individual can do to help yourself in this regard, and what you as a manager can do to help your organization and the other members of your organization. It is worth noting, at the beginning, the psychological aspect of both fallacies and biases. It is of course easiest to recognize the psychological aspect of cognitive biases. Cognitive biases are, by definition, psychological they are problematic psychological leanings, tendencies to think in certain ways that result from the way our brains are wired.
