Capital allocation: Recognizing bias in your decision making
Published on:
Jul 25, 2018
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Whether launching a new product, investing in equipment, or weighing the merits of an acquisition, CFOs typically rely on their capital planning process to help shape high-stakes decisions. However, biases can sometimes manifest throughout the planning process and impact decisions. We'll discuss:
- The prevalence of biases in capital planning.
- Attributes of cognitive biases, such as optimism bias, expert bias, and narrow framing, and how to identify them.
- How to strip away biases to decrease the likelihood of seeing the world through a single lens.
Participants will gain a deeper understanding of the perspectives to consider when making financial decisions.
