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A comment on How badly do most/all YCNews-ers suffer from confirmation bias?. Parent comment

Re:How badly do most/all YCNews-ers suffer from confirmation... by fruscica on Friday May 04, 2007 @07:39PM (#19598)
My takeaway from the Wikipedia excerpt is that being afflicted w/ confirmation bias equates to being in denial. Healthy denial seems oxymoronic, as denial precludes risk management...
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Re:How badly do most/all YCNews-ers suffer from confirmation... by zaidf on Friday May 04, 2007 @07:41PM (#19600)
In that case, I'll say that denial has some role behind almost every big entrepreneur's success or business deal.
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Re:How badly do most/all YCNews-ers suffer from confirmation... by fruscica on Friday May 04, 2007 @08:03PM (#19606)
Hmmmm...

As best I can recall, relevant (meta-analyses of) studies of entrepreneurship concluded that successful entrepreneurs are typically very mindful of risk. Amar Bhide's book The Origin and Evolution of New Businesses may be a good source for a survey of the aforesaid scholarship.

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Re:How badly do most/all YCNews-ers suffer from confirmation... by zaidf on Friday May 04, 2007 @08:11PM (#19610)
Mindful but not necessarily dictated. In some ways the idea of "risk" itself is a form of denial, no?
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Re:How badly do most/all YCNews-ers suffer from confirmation... by byrneseyeview on Sunday May 06, 2007 @02:58PM (#19983)
Most startups fail, so anyone involved in a startup has to spend all of their waking time doing something that is probably not going to make them any money. If it's 2 AM and you haven't slept in a few days and the difference between working and not working is almost certainly $0, denial is a competitive advantage.
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