Wednesday, 14 May 2014
Another nice resource on bias
The Center for Evaluation Innovation has published a 15-page booklet called How Shortcuts cut us Short - Cognitive Traps in Philanthropic Decision Making. Click on the title to get to the site where you can download the publication. It explains what "confirmation bias", "escalation of commitment", "availability bias", "bounded awareness" and "groupthink" are about, and how they risk clouding the judgment of grant makers and others working on well-meaning ventures. Anyone who has been involved in grant making will recognise familiar situations.
Hindsight bias, Mr.Wray would say. He has recorded the catchy tune embedded above which summarises the different types of bias that can obstruct intelligent decision-making. You'll find a few extra ones that you may have come across at work, too.