Risk, Biases, and Logical Fallacies
Risk, Biases, and Logical Fallacies
The wide array of risks facing institutions of higher learning is presented. Risk is a multi-faceted concept that can be addressed through avoidance, assumption, reduction, transfer, and sharing using a variety of institutional arrangements. A key contribution of the book is the analysis of social and psychological traps that confront decision makers in academia.
Keywords: Risk management, Selection ratios, Confirmatory bias, Prospect theory, Backfire effect, IKEA effect, Self-fulfilling prophecy, Bounded rationality, Causal slippery slopes, Vagueness
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