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The Biases that Limit Our Thinking about the Economic Outlook and Policy☆

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  • John E Silvia

Abstract

To make effective private-sector decisions and government policy, it is important for those who make decisions and those who are impacted by them to know whether these decisions might be influenced by underlying biases. This paper enumerates and discusses potential biases, their sources, and how they might influence selected policies and decisions.

Suggested Citation

  • John E Silvia, 2012. "The Biases that Limit Our Thinking about the Economic Outlook and Policy☆," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 47(4), pages 297-301, November.
    • Handle: RePEc:pal:buseco:v:47:y:2012:i:4:p:297-301
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    Cited by:

    1. Jakub Rybacki, 2019. "Are Central Banks' Research Teams Fragile Because of Groupthink?," KAE Working Papers 2019-045, Warsaw School of Economics, Collegium of Economic Analysis.
    2. Jakub Rybacki & Dobromił Serwa, 2021. "What Makes a Successful Scientist in a Central Bank? Evidence From the RePEc Database," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 13(3), pages 331-357, September.
    3. Jakub Rybacki, 2020. "Are Central Banks’ Research Teams Fragile Because of Groupthink in the Area of Monetary Policy? – Evidence on Inflation Targeting," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 4, pages 81-103.

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