Cognitive biases are systematic errors in thinking that can influence our decision-making. They can lead to irrational choices, biases, and faulty judgments. Here are some of the most common cognitive biases:
Confirmation Bias
- Definition: The tendency to seek out information that confirms our existing beliefs and to ignore or dismiss information that contradicts them.
- Example: A person who believes climate change is a hoax may only seek out information that supports their belief, ignoring scientific evidence to the contrary.
Anchoring Bias
- Definition: Overreliance on the first 2024 Denmark Telegram User Library piece of information encountered when making a decision.
- Example: A person negotiating a salary may anchor their expectations based on the initial offer they receive.
Availability Heuristic
- Definition: Overestimating the likelihood of events that are easily recalled.
- Example: People may overestimate the risk of plane crashes because they are widely reported in the news.
Sunk Cost Fallacy
- Definition: Continuing to invest in a losing course of action because of past investments.
- Example: A company may continue to invest in a failing product because they have already spent a lot of money on it.
Hindsight Bias
- Definition: The belie
Cognitive biases are systematic Knowing how to make an emergency call can errors in thinking that can influence our decision-making. They can lead to irrational choices, biases, and faulty judgments. Here are some of the most common cognitive biases:
informed and rational decisions. By recognizing and mitigating the effects of these biases, we can improve our decision-making processes.
f that past events were predictable.
- Example: After an event occurs, people often believe they could have predicted it.
