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IMAGE: New research finds first evidence that watching and learning from others can help reduce bias and improve decision-making. In business, the results could help improve hiring practices or increase. view more
Credit: Indiana University
New research from the Indiana University Kelley School of Business shows first evidence that watching and learning from others can help reduce bias and improve decision-making.
Organizational Behavior and Human Decision Processes, used a computer game designed to decrease bias to see if people who watched others play the game could in turn reduce their own bias. Through three experiments, researchers found that watching others solve bias-related problems helped the observers learn about decision biases and improve on their own. Their study showed this observational learning reduced decision biases such as anchoring - or, relying too much on an original bit of information and also improved how the observers take advice.
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Research from the Business School (formerly Cass) suggests that observing others decision-making can teach people to make better decisions themselves.
The research, co-authored by Professor Irene Scopelliti, Professor of Marketing and Behavioural Science, tested the effectiveness of a new debiasing training strategy and reports first evidence that watching others make decisions can improve our own decision making.
The authors carried out three experiments, which involved participants making a set of judgements before and after a training intervention designed to improve their decision-making.
Experiment One: comparing observational learning to other common debiasing strategies
The first experiment compared observational learning to three other interventions known to reduce cognitive bias. Researchers tested participants susceptibility to common decision-making biases across three scales, with participants receiving one of four debiasing interventions before repeating
Cybersecurity and MSP Market Leaders Bring Their Expertise to CompTIA ISAO
14 executives named to Executive Advisory Council
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DOWNERS GROVE, Ill., Feb. 11, 2021 /PRNewswire/ Executives from companies and organizations at the forefront of the cybersecurity and managed services technology markets have been named to the inaugural Executive Advisory Council (EAC) of the CompTIA Information Sharing and Analysis Organization (ISAO).
The announcement was made today by CompTIA, the nonprofit association for the information technology (IT) industry and workforce.
The CompTIA ISAO is committed to advancing cybersecurity resiliency throughout the global information technology industry
Emotional intelligence is the ability to understand, use, and manage emotions to relieve stress.
“We found that entrepreneurs benefit much more from emotional competences than other competencies such as IQ due to high uncertainty and ambiguity that comes with the world of entrepreneurship and even more applicable in a crisis,” says Regan Stevenson, assistant professor of entrepreneurship and management and a faculty fellow in entrepreneurship at the Indiana University Kelley School of Business.
“Being an entrepreneur is not a ‘traditional workplace setting.’ If you are an entrepreneur, you know that managing your business can often feel like you are screaming alone on an emotional rollercoaster,” Stevenson adds.