Posts Tagged ‘optimism bias’

Professor Bent Flyvbjerg in his research identified two main causes of misinformation in policy and management: strategic misrepresentation (or lying!) and optimism bias (appraisal optimism). Strategic misrepresentation is the planned, systematic distortion or misstatement of fact in response to incentives in the budget process. Optimism bias is the demonstrated systematic tendency for people to be overly optimistic…