BiasBelief updating · Cognitive Bias · Entry 117
Pro-Innovation Bias – when new technology seems perfect, and flaws are ignored
Do you believe every new technology is the future while ignoring its flaws? That’s Pro-Innovation Bias – the tendency to overestimate the benefits of innovations while underestimating their limitations.
Where it can show up
- Cryptocurrency & blockchain – once seen as the future of finance, but many projects turned into speculation.
- Artificial intelligence – promised to automate everything, yet AI models still make critical errors.
- Medicine & biotech – new drugs are marketed as breakthroughs, but their long-term side effects are often unknown.
A practical countermeasure
- Find balance – new technology can be great, but it’s never perfect.
- Analyze risks – if something sounds too good to be true, it probably has hidden downsides.
- Wait for real-world results – before jumping on the hype train, see how it actually performs in practice.