Self-investment bias: Difference between revisions
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imported>Doug Williamson (Create page. Source: The Treasurer, December 2018 / January 2019, p41.) |
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* [[Social bias]] | * [[Social bias]] | ||
* [[Source bias]] | * [[Source bias]] | ||
* [[Sunk cost fallacy]] | |||
[[Category:Working_effectively_with_others]] | [[Category:Working_effectively_with_others]] | ||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
[[Category:Ethics]] | [[Category:Ethics]] | ||
Latest revision as of 10:25, 27 March 2020
Cognitive bias.
Self-investment bias is an unconscious social bias.
It leads to the unwarranted continuation of support for projects that we have been seen to support in the past.
Self-investment bias is closely related to choice supporting bias.
Ignoring logic
- "When we have shown support for an idea, project or person, we can be reluctant to call a halt to that support.
- We can continue support or investment, long after logic suggests we call a halt."
- The Treasurer magazine, December 2018 / January 2019, p41 - Dr Pete Jones, Chartered Psychologist.
