Recency Bias

Recent events distort forecasts and judgment

Authority Bias

Status can overpower judgment

Loss Aversion

Why losses outweigh equivalent gains

Hickam Dictum

Diagnostic reasoning must allow for multiple concurrent conditions

Chesterton's Fence

Investigate before you remove

Law of the Instrument

Why favorite tools and frameworks quietly reshape how leaders define problems

Peltzman Effect

Safety gains can be diluted by behavioral adaptation

Matthew Effect

Small early advantages can widen over time

Bystander Effect

Crowds can delay action when ownership is unclear

Status Quo Bias

Existing arrangements gain an irrational premium

Poker Lessons For Business Strategy

Six poker principles that sharpen strategy

Outcome Bias

Outcome bias causes people to judge decisions mainly by how they turned out, even when luck, uncertainty and hidden constraints played a major role in the result.