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The most dangerous cognitive bias in business is also the one your best leaders are most likely to suffer from: overconfidence. It has led to the downfall of some of the world’s most successful companies, militaries, and governments. Take Intel for example. When President Donald Trump called on CEO Lip-Bu Tan to resign last August, alleging a conflict of interest because of his ties to China and Chinese chipmakers, it was only the latest in a series of highly public debacles that highlighted just how far this titan of Silicon Valley had fallen. The previous CEO, Pat Gelsinger, had been…
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