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Wednesday, August 14, 2013

Give and Take: Post #3--Responsibility Bias

Responsibility Bias  This bias makes us overestimate our contribution to any project or effort. And “information discrepancy” leads to responsibility bias because we know what we did but cannot accurately know how much others contributed. Takers are especially prone to responsibility bias. Entrepreneurs, investors, and partners often break up over not getting proper credit for all their efforts.

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