Decision & ChoiceBias #95

Pro-Innovation Bias

We overestimate innovation benefits and underestimate costs.

The tendency to have excessive optimism toward an innovations usefulness while ignoring its flaws costs or implementation barriers.

Why it matters: Explains why many technology implementations fail to deliver expected value.

Watch for

Focusing on potential benefits while glossing over adoption risks.

Try this

Require a pre-mortem that identifies everything that could go wrong.

Real-world example

A company adopts the latest AI tool expecting transformative results without considering integration costs or staff training needs.

Key researchers

Everett Rogers

First described in 1962

Psychological mechanism

Novelty attraction and status signalling. Innovations promise progress which creates positive affect. Evaluating an innovation critically feels like resisting progress which creates discomfort.

Seminal research

Everett M. Rogers (1962), "Diffusion of innovations."