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My takeaway from the Wikipedia excerpt is that being afflicted w/ confirmation bias equates to being in denial. Healthy denial seems oxymoronic, as denial prec
by fruscica 19y ago
My takeaway from the Wikipedia excerpt is that being afflicted w/ confirmation bias equates to being in denial. Healthy denial seems oxymoronic, as denial precludes risk management...
- zaidf 19y agoIn that case, I'll say that denial has some role behind almost every big entrepreneur's success or business deal.
- fruscica 19y agoHmmmm... As best I can recall, relevant (meta-analyses of) studies of entrepreneurship concluded that successful entrepreneurs are typically very mindful of risk. Amar Bhide's book The Origin and Evolution of New Businesses may be a good source for a survey of the aforesaid scholarship.
- zaidf 19y agoMindful but not necessarily dictated. In some ways the idea of "risk" itself is a form of denial, no?
- byrneseyeview 19y agoMost startups fail, so anyone involved in a startup has to spend all of their waking time doing something that is probably not going to make them any money. If it's 2 AM and you haven't slept in a few days and the difference between working and not working is almost certainly $0, denial is a competitive advantage.
- fruscica 19y agoYour calculation accounts for risk.