What are the challenges of using heuristics in decision-making?

What are the challenges of using heuristics in decision-making?

Heuristics can simplify decision-making, but they also lead to biases and errors. Would you like to know more about specific biases?

Yes, what are some common biases associated with heuristics?

Common biases include confirmation bias, availability heuristic, and anchoring bias. Each can distort our judgment. Interested in examples?

Sure, can you give me an example of confirmation bias?

Confirmation bias occurs when people favor information that confirms their existing beliefs. For instance, a person who believes in a particular diet may only seek out success stories that support it.

That makes sense. How can we mitigate these biases?

To mitigate biases, one can seek diverse perspectives, question assumptions, and rely on data-driven decision-making. Would you like tips on implementing these strategies?