Three Psychological Biases That Prevent Effective Financial Management

Change blindness can become an obstacle in financial management. A particular case appears with Innovations. Focusing on the functionality of proposed innovations, their acceptance and also their denial, the research on Innovation blindness developed at The Unicist Research Institute explained fallacious decisions in business management. Innovation blindness is a characteristic of “innovation-phobics” and “innovation-busters”. These individuals cannot see changes, avoiding the necessary work to recreate their functionality. And here is where fallacies appear.

Learn more about some of the main biases that prevent effective financial management: