Optimism bias in teams
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 recognize both the investors, teams and individuals' decision making. As the actions and reasoning (as people are seen to act radically). [2]
Gave an general idea of how to manage, spot and handle optimism bias in (project &) teams.
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