The Power of Incentives

Psychological denial is a common psychological misjudgment tat causes terrible problems third insenitive caused bias, both in one's own mind and that of one's trusted adviser. In lesser strength, its present in in every profession and in every human being. And the it causes perfectly terrible behavior. If you take sales presentations of brokers of commercial real estate and business businesses. I've never seen one i thought was even within hailing distance of objective truth. After the defense department had had enough experience with cost plus percentage of cost contracts, the reaction of our republic was to make it a crime for the federal government to right one. Not only a crime, but a felony.