Startup Funding Espresso Self-Serving Bias
Self-Serving Bias Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. The self-serving bias is a cognitive bias defined by Wikipedia as the tendency to claim more responsibility for successes than failures. Investors use successful investments as proxies for their skill but attribute the failures to other causes. Investors are naturally optimistic. When things go wrong it\u2019s easy to blame external factors. To overcome the self-serving bias, consider the following: Maintain awareness about the self-serving bias.\xa0\xa0 Check yourself when giving yourself the credit and give credit to other factors for the success. For failures, take some time to review it so you understand it well.\xa0 Make yourself accountable for any failures on your part.\xa0 And look for ways to improve your skills and process. \xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let\u2019s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0\xa0 For Feedback please contact info@tencapital.group\xa0\xa0\xa0 Please , share, and leave a review. Music courtesy of .