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What is Availability Bias

Chapter 5
Business Models to Promote Technology, Culture, and Leadership in Post-COVID-19 Organizations
Is the human tendency to think that examples of things that come readily to mind are more representative than is actually the case.
Published in Chapter:
Leadership and Strategic Decision Making Under Exogenous Shocks Such as COVID-19
Jim A. McCleskey (Western Governors University, USA)
Copyright: © 2022 |Pages: 30
DOI: 10.4018/978-1-6684-4358-3.ch005
Abstract
This manuscript addresses three topics relevant to the field of leadership and strategy. The topics include the effect of individual and group decision processes on leadership decision-making, the newest directions and developments in the strategic leadership literature, and the effect of exogenous shocks such as COVID-19 on leadership decision-making. It includes a thematic literature review on individual and group processes in leadership decision-making. It addresses affective and cognitive processes, cognitive biases and heuristics, group decision-making, and affective and cognitive processes in individual decision-making. It describes the latest literature on strategic leadership decisions under uncertainty and artificial intelligence as an aid to decision-making. It includes a discussion of exogenous shocks such as COVID-19 on strategic leader decision-making. It also describes the impact of exogenous shocks on small and medium-sized enterprises, crisis management, stress on decision-makers, effective decision-makers, and leader behaviors that impact crisis decision-making.
Full Text Chapter Download: US $37.50 Add to Cart
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Chapter 5
Exploring Groupthink Bias and Polarisation Bias
The tendency to give preference to information that is readily available or easily recalled when making judgments or decisions Kahneman, D., & Tversky, A. (1972) AU89: The in-text citation "Tversky, A. (1972)" is not in the reference list. Please correct the citation, add the reference to the list, or delete the citation. . “Subjective Probability: A Judgment of Representativeness.” Cognitive Psychology, 3(3), 430–454.
Published in Chapter: Exploring Groupthink Bias and Polarisation Bias; From: Overcoming Cognitive Biases in Strategic Management and Decision Making
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Chapter 1
Theory of Behavioral Finance
Tendency of individuals to give more weight age to recent information which could be recalled easily.
Published in Chapter: Theory of Behavioral Finance; From: Handbook of Research on Behavioral Finance and Investment Strategies: Decision Making in the Financial Industry
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