Description
Illusions of control or illusion of invulnerability bias, is in response to the complications of the world and your brain. We think we have everything worked out and are overly confident which can lead to disaster. For example, when an investor or a manager is on a winning streak for a while they will tend to think that the success is an outcrop of their brilliance and any move they make will be successful and they don't consider their process. The subcortical area of the brain, specifically the basil ganglia is involved in this bias and is linked to foraging behavior. Animals will present a similar illusion of control, but research shows they will not overthink their choices and go with the sure bet. While humans will keep playing the odds, and will have inconsistent results, due to the illusion of control. Learn about strategies to overcome the illusion of control bias.