Looking to experts or authority figures to make a final business decision may seem natural. But the practice of favoring the HiPPO – the Highest Paid Person’s Opinion – can prove detrimental when it occurs too frequently. Occupational psychology expert James Armitage explains why HiPPO bias occurs, why it’s problematic and why leaders often fail to correct this tendency. Armitage also offers solutions for the HiPPO bias which are applicable whether you’re the boss – or working under one. getAbstract recommends this article to everyone interested in how to improve business decision-making practices.
In this summary, you will learn
- Why people defer to the opinions of authority figures,
- Why leaders are biased in favor of their own expertise and
- How to solve the HiPPO (Highest Paid Person’s Opinion) bias problem.
About the Author
James Armitage is a member of the occupational psychology division of the British Psychological Society.
Comment on this summary
Customers who read this summary also read
Simon & Schuster, 2017
Oxford UP, 2017
G. Andrew Karolyi
Oxford UP, 2015