Outcome Bias In Business. Even your perception of a successful outcome may be based on cognitive biases. The outcome bias in ethical judgments A home seller neglects to inform the buyer about the homes occasional problems with flooding in the basement.
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Outcome bias is a cognitive bias that enables us to judge our decision making based on the results of the process rather than the quality of the process itself. This is costly especially to organisations. What Is Outcome Bias.
Many a time the reason for the outcome turns out to be random.
What is Outcome Bias. Outcome bias is the tendency to judge a past decision by its result instead of looking at the quality of the decision. The seller intentionally omits it from the houses legally required. Just because the outcome of a decision was successful doesnt mean the actual decision was a good one.
