Self-Confirming Biased Beliefs in Organizational “Learning by Doing”

<div>Self-confirming biased beliefs for different correcting mechanisms. (a) Degree of biased beliefs (i.e., the distance between belief and reality), (b) probability of choosing the best alternative, and (c) cumulative performance (divided by time period).</div>

Complexity

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Figure 2

Figure 2: Self-Confirming Biased Beliefs in Organizational “Learning by Doing” 