Groupthink and its Associated Bias Effects
Roger provides a detailed explanation on the biggest, but most misunderstood, bias effect: groupthink. He explains the factors driving groupthink and some specific examples that can harm businesses if ignored.
Overview
Groupthink is essentially a cluster of related bias effects that disrupts rational decision making and leads to misconduct. Consequently, financial and conduct regulators expect people to be aware and wary of these biases, in order to prevent future control failures.
Key learning objectives:
What is Groupthink?
What are the factors driving Groupthink?
What are the Groupthink-related biases?
Summary
Expert
Roger Miles
Roger researches behavioural risks in organisations, and advises senior leaders on how best to communicate risk and conduct matters. Previously, Roger ran risk communication programmes for professional bodies and the British Government. He now runs industry-level Academies for Conduct and Culture, and produces workshops with financial firms.
