Cognitive bias

Cognitive bias is a systematic deviation in thinking that affects the evaluation of information, decisions and the interpretation of reality.

Definition

Cognitive errors result from simplifications, heuristics, emotions, limited attention and previous experiences. They help you process information quickly, but can lead to predictable mistakes. Examples include confirmation bias, anchoring, the availability effect, and the halo effect.

Key ideas

Missing key ideas.

Practice and life

When making a high-stakes decision, use a decision-making pause: write down data, emotions, assumptions, and alternative explanations. Only then choose an action.

Common misunderstanding

It is a mistake to assume that knowledge of cognitive biases automatically protects against them. Knowledge helps only when it changes the decision-making procedure.

Questions for self-reflection

No questions for self-reflection.

Sources

No sources.