Several types of biases can affect business leaders:
- Confirmation Bias: The tendency to search for or interpret information in a way that confirms one's preconceptions. - Availability Heuristic: Relying on immediate examples that come to mind when evaluating a topic or decision. - Anchoring Bias: The tendency to rely too heavily on the first piece of information encountered. - Overconfidence Bias: Overestimating one's own abilities or the accuracy of one's predictions.