Understanding the Blue Dot Effect: The Hidden Bias Impacting Our Choice
How confirmation bias influences corporate compliance and our daily lives
For obvious reasons, corporations are subject to complicated compliance frameworks, regulatory guidelines, and internal control frameworks. The management and the governing bodies want someone to make sure that things are controlled and processes work fine.
Have you ever wondered why, despite rigorous checks and controls, internal compliance teams seem to always discover issues?
Perhaps you’ve questioned if this is due to a lack of learning from past mistakes or if these compliance teams are just exceptionally astute.
Or could there be a more intriguing psychological phenomenon at play?
But what?
One reason is the constantly changing regulatory environment but despite the best of the people working to make sure that processes work the way they should, the internal control teams always pull out a feather from the hat.
How?
I got a glimpse of what must be playing here in the book ‘Everything is F*cked’ by Mark Manson.
In the world of corporate compliance and beyond, we may all be unwitting participants…
