How business strategists can take advantage of our bias of ignoring luck

Update: 2020-10-24

Description

Chengwei Liu, Associate Professor of Strategy and Behavioral Science, talks about his research into luck with Core Insights host Trevor Barnes. Dr Liu reveals the situations and reasons why we have a bias towards luck, underestimating our good luck and overestimating bad luck. This bias can be exploited by firms alive to the opportunities that luck brings. Read more about it here.

Comments

In Channel

How behavioural science nudges can improve our health

2020-12-1432:28

How do Governments balance saving lives with impacting the economy?

2020-12-0730:56

How AI can help us build more scenic towns and cities

2020-11-3026:39

How neuroscience can now predict our decisions

2020-11-2330:54

The impact of Brexit on the UK's mental health

2020-11-1623:46

How our digital traces can be used as a real-time measure of global travel

2020-11-0926:16

Nick Chater on why autonomous vehicles will need their own roads

2020-11-0328:35

How business strategists can take advantage of our bias of ignoring luck

2020-10-2429:06

Does giving workers a pay rise lead to greater productivity?

2020-10-1925:17

Anchoring - the nudge plunging us all into debt

2020-10-1230:08

Why short-termism often overrules obvious long-term gains

2020-10-0524:56

Nick Chater on why searching for your true 'self' is pointless

2020-09-1731:45

00:00

How business strategists can take advantage of our bias of ignoring luck

#box-pro-ellipsis-176402417936176{-webkit-line-clamp:2;}How business strategists can take advantage of our bias of ignoring luck

How business strategists can take advantage of our bias of ignoring luck

Warwick Business School

How business strategists can take advantage of our bias of ignoring luck