Julian Kolbe

Title

M.Sc.

Last Name

Kolbe

First name

Julian

Email

julian.kolbe@unisg.ch

Phone

+41 71 224 71 02

Now showing 1 - 1 of 1

Cognitive Biases and Strategic Decision-Making: A Self-Regulation Perspective

( 2021)
Fust, Alexander
;
Jenert, Tobias Johannes
;
Winkler, Christoph
;
Kolbe, Julian

Entrepreneurs are prone to various cognitive biases which distort their learning and information processing. These biases vary considerably among entrepreneurs and impact information processing during strategic decision-making. While research has examined the outcomes of cognitive biases, there is a lack of knowledge on how cognitive biases impact entrepreneurial decision-making processes. To address this gap, we analyze how cognitive biases impact information processing during decision-making processes. Furthermore, we discuss how entrepreneurs can self-regulate the effects of overconfidence and attribution bias in more detail. We discern functions of cognitive biases across different entrepreneurial situations and suggest that entrepreneurs with high self-regulation are able to adapt to specific situations by monitoring and controlling their cognition and affect.

Type: conference paper

URI: https://www.alexandria.unisg.ch/handle/20.500.14171/110989