Knowing When to Quit: Do Optimism and Overconfidence Cloud Inventor Judgment?

Muir, Clive
November 2007
Academy of Management Perspectives;Nov2007, Vol. 21 Issue 4, p78
Academic Journal
The article reviews the research article "The Role of Cognitive Biases," by T. Ã…stebro, S.A. Jeffrey, and G. Adomdza published in the "Journal of Behavioral Decision Making" issue #20. The study focuses on the question of whether an inventor would abandon an invention if told it were commercially infeasible and concluded that most inventors remained optimistic about the future success of their inventions in the face of evidence to the contrary. The author also states that the researchers assessed factors that could bias an inventor.


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