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Behavioural Economics can predict irrational human behaviour

BioTeams

DECEMBER 31, 2012

BE explains why we are systemically and predictably irrational in our economic decisions and introduces 2 terms "Bounded Rationality" and "Bounded Willpower" as limits to rationality within which we all operate. Confirmation Bias: tendency to prioritise evidence which accords with our pre-existing beliefs.

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High performance leadership/decisions: business game findings

BioTeams

MAY 25, 2013

Based on their performance I believe I have uncovered 5 very important differences between top performers and the rest in the areas of leadership and decision-making. Evidence for Finding 1: The business game starts with each team inheriting a business from the previous executive team.

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