COSO explores common judgment traps, lays out five-step decision-making process

Many faulty business decisions can be traced to “confirmation bias” that leads people to unwittingly seek information that bolsters what they want to believe, says Brigham Young University accounting professor Doug Prawitt.

“We don’t realize it when we do that, but it’s a very, very powerful human bias,” he said Thursday during a telephone interview.

Read more…

There are no comments yet. Be the first and leave a response!

Leave a Reply

Wanting to leave an <em>phasis on your comment?

Client Portal

Socialize
Newsletter Signup
  • This field is for validation purposes and should be left unchanged.