Assessing and addressing this checklist of the five key biases can help achieve effective team management. As the saying goes, never waste a good crisis. The current one certainly has a lot to offer.
Research in behavioral science has taught us that we tend to simplify complex decisions by using “rules of thumb” or heuristics when we face uncertain situations. While these shortcuts allow us to work efficiently even in the face of complexity, they can quickly become the source of systematic and sometimes unconscious errors in our judgment, also known as biases.