ARTICLE
17 May 2023

Cognitive Bias In International Arbitration

W
WilmerHale

Contributor

WilmerHale provides legal representation across a comprehensive range of practice areas critical to the success of its clients. With a staunch commitment to public service, the firm is a leader in pro bono representation. WilmerHale is 1,000 lawyers strong with 12 offices in the United States, Europe and Asia.
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 States Litigation, Mediation & Arbitration

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.

Click here to continue reading.

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.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More