Category: Confirmation Bias

  • Stopping runaway-train NPD projects … bring in a poker player

    In a “runaway-train” project, an unprofitable idea for a product takes on a life of its own. Decision makers continue to overlook the idea’s shortcomings and make more funding available. Then the train crashes. The firm loses money and developers damage their careers. Researchers, such as Bethany McLean, investigate runaway-train projects in a neutral, scientific…