Elevate with Robert Glazer Weekend Conversations: The Fundamental Attribution Error in Life and Leadership
Mar 29, 2025
Dive into discussions on the fundamental attribution error, a cognitive bias impacting how we perceive success and failure. Explore anecdotes that shed light on luck's role in personal and professional life, especially post-pandemic. The conversation highlights the risks of overconfidence in decision-making and the consequences for businesses, illustrated through Peloton's pandemic strategies. Learn how cultural perspectives influence our understanding of achievements and missteps, emphasizing the need for self-awareness and balanced approaches in leadership.
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Fundamental Attribution Error
- The fundamental attribution error is a cognitive bias affecting how we perceive success and failure.
- We attribute our successes to internal factors and our failures to external ones.
Business Success and Luck
- Robert Glazer recounts a conversation where someone attributed past business success to skill and current struggles to bad luck.
- This illustrates how the fundamental attribution error manifests in business contexts.
Dot-com Boom Example
- Mick Sloan discusses the dot-com boom, where many attributed their wealth to brilliance, ignoring the bubble's influence.
- This highlights how market conditions and timing often get overlooked in success.