Cognitive biases

David Kroon

Chapter 24 in Elgar Encyclopedia of Mergers and Acquisitions, 2026, pp 65-67 from Edward Elgar Publishing

Abstract: This chapter explores the role of cognitive biases in mergers and acquisition (M&A) failures, including overconfidence, anchoring, and confirmation bias. It examines how biases manifest across M&A phases and among both managers and advisors, influencing deal performance. The text highlights the need for objective decision-making processes and calls for further research into advisor-related biases and debiasing strategies to improve M&A outcomes.

Keywords: Cognitive biases; Managerial heuristics; Advisors; Debiasing strategies; Interventions (search for similar items in EconPapers)
Date: 2026
ISBN: 9781800880856
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