The distortion of beliefs in the face of uncertainty
Judgements and beliefs often are distorted. They are affected by underlying values and reflect strong tendencies toward wishful thinking. In action, biased thinking may or may not be detrimental, and there is a very delicate balance to keep between the need to motivate oneself for forceful action, and to keep a realistic view of the possibilities of success. People encounter problems, calling for thought and the formation of constructs, only rather rarely, but when they do they tend to be in an unpleasant emotional state. Uncertainty is one such state, in which one encounters difficult problems and expects little success.
|Date of creation:||May 2002|
|Date of revision:|
|Publication status:||Published in International Journal of Management and Decision Making, 2007, pages 1-29.|
|Contact details of provider:|| Postal: The Economic Research Institute, Stockholm School of Economics, P.O. Box 6501, SE 113 83 Stockholm, Sweden|
Phone: +46-(0)8-736 90 00
Fax: +46-(0)8-31 01 57
Web page: http://www.hhs.se/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Shanteau, James & Stewart, Thomas R., 1992. "Why study expert decision making? Some historical perspectives and comments," Organizational Behavior and Human Decision Processes, Elsevier, vol. 53(2), pages 95-106, November.
- Michael Manove & A. Jorge Padilla, 1999.
"Banking (Conservatively) with Optimists,"
RAND Journal of Economics,
The RAND Corporation, vol. 30(2), pages 324-350, Summer.
- Baron, Jonathan & Spranca, Mark, 1997. "Protected Values," Organizational Behavior and Human Decision Processes, Elsevier, vol. 70(1), pages 1-16, April.
- Shanteau, James, 1992. "Competence in experts: The role of task characteristics," Organizational Behavior and Human Decision Processes, Elsevier, vol. 53(2), pages 252-266, November.
When requesting a correction, please mention this item's handle: RePEc:hhb:hastba:2002_009. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Helena Lundin)
If references are entirely missing, you can add them using this form.