Cognitive Bias and Decision Making
During World War II, the U.S. military was studying its combat-tested fighter planes to determine the parts of the plane that were most vulnerable to enemy fire. The purpose of the study was to identify the most vulnerable sections of each plane and then take steps to reinforce those sections to improve pilot safety and airplane durability. The data gathered by the U.S. military showed that certain sections of its combat-tested fighter planes were consistently hit more often with enemy fire than other sections of the plane.
Required:
- Would you recommend reinforcing the sections of the plane that were hit most often by enemy fire, or would you reinforce the sections that were hit less frequently by enemy fire? Why?
- Do you think cognitive bias had the potential to influence the U.S. military’s decision-making process with respect to reinforcing its fighter planes?
Source: Jerker Denrell, "Selection Bias and the Perils of Benchmarking,” Harvard Business Review, Volume 83, Issue 4, pp.114—119.

Want to see the full answer?
Check out a sample textbook solution
Chapter P Solutions
Connect Access Card For Managerial Accounting For Managers
- I am looking for the correct answer to this financial accounting question with appropriate explanations.arrow_forwardCan you solve this general accounting problem using appropriate accounting principles?arrow_forwardCan you help me find the accurate solution to this financial accounting problem using valid principles?arrow_forward
- Can you help me solve this financial accounting problem using the correct accounting process?arrow_forwardI am looking for the correct answer to this general accounting problem using valid accounting standards.arrow_forwardI am searching for the accurate solution to this general accounting problem with the right approach.arrow_forward
- Please explain the solution to this general accounting problem with accurate principles.arrow_forwardPlease provide the correct answer to this general accounting problem using valid calculations.arrow_forwardPlease provide the accurate answer to this financial accounting problem using valid techniques.arrow_forward
- Managerial AccountingAccountingISBN:9781337912020Author:Carl Warren, Ph.d. Cma William B. TaylerPublisher:South-Western College PubFinancial And Managerial AccountingAccountingISBN:9781337902663Author:WARREN, Carl S.Publisher:Cengage Learning,Essentials of Business Analytics (MindTap Course ...StatisticsISBN:9781305627734Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. AndersonPublisher:Cengage Learning
- Cornerstones of Cost Management (Cornerstones Ser...AccountingISBN:9781305970663Author:Don R. Hansen, Maryanne M. MowenPublisher:Cengage LearningBusiness Its Legal Ethical & Global EnvironmentAccountingISBN:9781305224414Author:JENNINGSPublisher:CengageAuditing: A Risk Based-Approach (MindTap Course L...AccountingISBN:9781337619455Author:Karla M Johnstone, Audrey A. Gramling, Larry E. RittenbergPublisher:Cengage Learning




