Elon Musk recently took to Twitter to declare that cognitive biases “should be taught to all at a young age.” He referenced an infographic that listed the 50 most common biases. These biases affect us most in the decisions that we make on a daily basis. It, therefore, follows that these biases play a major role in Hotel Pricing and Revenue Management. In the absence of collaborative data analysis, decisions made under uncertainty become highly subjective activities. The most relevant Read more
10 Biases that Afflict Hotel Revenue Managers
Categories: Revenue Management
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