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Explanatory power of optimism bias and strategic misrepresentation


Explanatory power of optimism bias and strategic misrepresentation

This paper details the method and describes the first instance of reference class forecasting in planning practice.

Explanatory power of optimism bias and strategic misrepresentation

Download scientific diagram | Explanatory power of optimism bias and strategic misrepresentation, respectively, in accounting for forecasting inaccuracy as ...

From Nobel Prize to project management

Figure 1: Explanatory power of optimism bias and strategic misrepresentation, respectively, in accounting for forecasting inaccuracy as function of ...

From Nobel Prize to Project Management: Getting Risks Right - arXiv

Figure 1: Explanatory power of optimism bias and strategic misrepresentation, respectively, in accounting for forecasting inaccuracy as function of ...

Top Ten Behavioral Biases in Project Management: An Overview

... strategic misrepresentation to have more explanatory power relative to optimism bias, again without optimism bias being absent. Big projects ...

Optimism Bias and Strategic Misrepresentation: The Overly ...

Optimism Bias and Strategic Misrepresentation: The Overly Optimistic Picture ... ability to succeed, making us overlook risks. Now, Flyvbjerg ...

How Over-Optimism Leads to Project Failure - Procurement Office

In the study, Flyvbjerg asserts that optimism bias and strategic misrepresentation ... explanation, which he referred to as “strategic misrepresentation”: ...

Optimism bias, strategic misinterpretation and reference class ...

... explanation of the strategies ... A better demonstration of this theory can be visualised through figure 1, a graph of explanatory power with ...

Strategic Misrepresentation: The Blind Spot in Behavioral Economics

It is sometimes also called political bias, strategic bias, power bias, or the Machiavelli factor. ... bias, e.g., optimism bias.

View source for Optimism bias, strategic misinterpretation and ...

... explanatory power with respect to political and organizational pressure. Furthermore, the same graph clearly shows the Optimism bias has a polar opposite ...

Optimism Bias - The Decision Lab

The optimism bias refers to our tendency to overestimate our likelihood of experiencing positive events and underestimate our likelihood of experiencing ...

Perspectives on Optimism within the Context of Project Management

To-date, optimism bias has been attributed to three distinct factors. These are a) technical reasons resulting in errors, b) strategic misrepresentation ...

Toward a Deeper Understanding of Optimism Bias and Transport ...

Arising from the power ... Moving beyond optimism bias and strategic misrepresentation: An explanation for social infrastructure project cost ...

1 Behavioural Insights Team A review of optimism bias, planning ...

confidence in ability and it may also help tackle sunk-cost bias by inviting critique ... Curbing optimism bias and strategic misrepresentation in planning: ...

Cognitive or Political Bias: Which Is More Important? - Medium

At the lower end of the scale, one would expect optimism bias to have more explanatory power of outcomes relative to strategic misrepresentation ...

[archiloque.net] Links - 5th June 2022

... strategic misrepresentation to have more explanatory power relative to optimism bias, again without optimism bias being absent. Big projects ...

updating the evidence behind the optimism bias uplifts for transport ...

The underlying causes of this underestimation can include optimism bias (OB), strategic misrepresentation and economic ... Training had the highest explanatory ...

Delta tunnel EIR shows predictable megaproject management biases

At the lower end of the scale, one would expect optimism bias to have more explanatory power of outcomes relative to strategic misrepresentation ...

Systematic review on behavioural decision making in projects - DTU

Optimism bias describes the overestimation of positive outcomes and/or the underestimation of ... goals, promoted by the authorities, drive strategic ...

How Optimism Bias and Strategic ... - Concept - NTNU

optimism bias and strategic misrepresentation. In a ... power plants, dams, water projects, concert halls, museums ...