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ARTICLE · 17 MAY 2023

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Cognitive Bias In International Arbitration

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Human decision makers use mental shortcuts (heuristics) to simplify and solve problems quickly and efficiently. While heuristics are useful and effective in many situations, they can also lead to unconscious...

United StatesLitigation, Mediation & Arbitration
Olga Braeuer
Olga Braeuer
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Human decision makers use mental shortcuts (heuristics) to simplify and solve problems quickly and efficiently. While heuristics are useful and effective in many situations, they can also lead to unconscious psychological influences on our decision making, so called ‘cognitive biases'. These biases can affect the quality and accuracy of decisions.

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Originally Published by Corporate Disputes

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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