Burk TechnoEconomics Blog

Cognitive bias & technology development

“In terms of its consequences for decisions, the optimistic bias may well be the most significant cognitive bias. Because optimistic bias is both a blessing and a risk, you should be both happy and wary if you are temperamentally optimistic.”– Daniel Kahneman Kahneman won the 2002 Nobel Prize in economics for his work on the psychology of judgement and decision making. In his book Thinking Fast and Slow, he introduces the concept of cognitive biases – systematic errors in our judgement or deviations from rationality (2). These ideas have found application across a range of fields, from economics, to medicine, to avalanche safety. One symptom of the ‘optimistic bias’, as Kahneman calls it, i

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