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New Berkeley Haas research by behavioral finance researchers reveals that while CEOs are meant to be rational and objective, like everyone else, they display biased decision-making practices.
Although CEOs pride themselves with the maturity and experience to be free from bias and irrationality in situations that demand this exclusive trait from them, they are not special in this. Just like everyone else, CEOs are susceptible to bias and making decisions that are affected by their bias.
A new study by Berkeley Haas behavioral finance researchers proves this to be true. Their analysis showcases CEOs being no different than the rest of the population plagued with bias and irrationality affecting their decision-making.
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