Managerial conceit occurs when decision makers who have made successful choices in the past come to believe that they possess superior expertise for managing uncertainty.

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Often, poor decisions are the result of such traps as biases, blind spots, and other human frailties. Much of this literature falls under the concept of managerial conceit. Managerial conceit occurs when decision makers who have made successful choices in the past come to believe that they possess superior expertise for managing uncertainty.

Managerial Conceit Occurs When Decision Makers Who Have Made Successful