Optimism bias in teams
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Revision as of 21:17, 12 February 2023
This article will look at optimism bias, why it is important to manage teams and what effects it can have on teams, who puts their efforts towards reaching a common goal. How it can affect the dynamics and effect-coordination in the team work. Regarding moral, motivation and expectations, as well as to both look at the positive and the negative effects of optimism bias. Look at the difference between strategic misinterpretation and optimism bias. [1]
As optimism and misinterpretation, in general, can have large effects, and can cloud and lead to under- and over-reactions in decision making. It is therefore important to recognise both the investors, teams and individuals' decision making. As the actions and reasoning (as people are seen to act radically). [2]
Give a general idea of how to manage, spot and handle optimism bias in (project &) teams.
Contents |
Optimism in general
The generel effects optimism has (look into; different markeds, teams, investors, individuals, etc?)
Optimism bias
is when ….
“A teams puts their efforts towards reaching a common goal.”
Not to mistake it for Strategic misrepresentation, which is when
Managing teams and optimism bias
Lobby formation [3] , group size [3], generel management and Moral hazards and optimism bias
References
- ↑ DS/ISO 21502 (2020) Project, programme and portfolio mangement - guide on project management
- ↑ Jian Wang, Xintian Zhuang, Jun Yang & Jiliang Sheng (2014) The effects of optimism bias in teams, Applied Economics, 46:32, 3980-3994, DOI: 10.1080/00036846.2014.948678
- ↑ 3.0 3.1 Vincent Anesl (2014) Moral hazard and free riding in collective action, DOI:10.1007/s00355-008-0318-8
