Monthly Archives: September 2018

Faro Card Game

Overcoming the Self-Bias Error

All of us have a strong tendency to evaluate our decisions in the way that is most favorable and least damaging to ourselves, based on the outcome.

My favorable outcome proves my wisdom and skill.
My unfavorable outcome is just bad luck.

However, when we evaluate other’s decisions and their results we say:

Their favorable outcome is just good luck
Their unfavorable outcome shows a lack of wisdom and skill.

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