Λεπτομέρειες βιβλιογραφικής εγγραφής
| Τίτλος: |
Managing Cognitive Bias in Finance: A Practical Framework for Better Decisions. |
| Συγγραφείς: |
Richter, Philipp1, Schäfer, Peter2 |
| Πηγή: |
Strategic Finance. Jul2026, p1-10. 10p. |
| Θεματικοί όροι: |
*Reengineering (Management), *Economic decision making, Cognitive bias, Frames (Social sciences), Attribution (Social psychology) |
| Περίληψη: |
This article focuses on how finance leaders can identify, diagnose, and systematically reduce cognitive biases that distort high-stakes financial judgments. It outlines a four-step practical framework: mapping where subjective judgment occurs, diagnosing the contextual and psychological triggers of bias, applying targeted interventions such as redesigning decision processes, embedding reflection prompts, and separating decision roles, and finally measuring the impact of these changes. Key cognitive biases affecting finance include attribution biases (e.g., anchoring, confirmation bias), emotional effects (e.g., overconfidence, self-serving bias), and framing effects (e.g., loss aversion, contrast effects). The article emphasizes that biases arise from decision environments and pressures rather than individual flaws, and managing them requires organizational process redesign rather than solely individual awareness or training. [Extracted from the article] |
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| Βάση Δεδομένων: |
Business Source Index |