Difference between revisions of "Expert Biases"
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'''Expert Biases''' in risk management context denote any of the psychological phenomena associated with the formulation of qualitative and/or quantitative risk estimates of risk. | '''Expert Biases''' in risk management context denote any of the psychological phenomena associated with the formulation of qualitative and/or quantitative risk estimates of risk. | ||
| − | The list includes the following notable biases identified by Prospect Theory<ref>Kahneman, D. & Tversky, A. (1979). Prospect theory: an analysis of decision making under risk, Econometrica 47</ref>: | + | The list includes the following notable biases identified by [[Prospect Theory]]<ref>Kahneman, D. & Tversky, A. (1979). Prospect theory: an analysis of decision making under risk, Econometrica 47</ref>: |
* [[Anchoring Bias]] | * [[Anchoring Bias]] | ||
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* [[Confirmation Bias]] | * [[Confirmation Bias]] | ||
* [[Representativeness Bias]] | * [[Representativeness Bias]] | ||
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A full list with examples is given in the [[Risk Management Biases List]] page | A full list with examples is given in the [[Risk Management Biases List]] page | ||
[[Category:Risk Management Biases]] | [[Category:Risk Management Biases]] | ||
Latest revision as of 15:15, 25 September 2021
Definition
Expert Biases in risk management context denote any of the psychological phenomena associated with the formulation of qualitative and/or quantitative risk estimates of risk.
The list includes the following notable biases identified by Prospect Theory[1]:
- ↑ Kahneman, D. & Tversky, A. (1979). Prospect theory: an analysis of decision making under risk, Econometrica 47
