What is cognitive bias and how does it affect decision-making?

What is cognitive bias and how does it affect decision-making?

Cognitive bias refers to systematic patterns of deviation from norm or rationality in judgment. It affects decision-making by leading us to make irrational choices based on our perceptions, emotions, or social influences.

Can you give me some examples of cognitive biases?

Sure! Some common examples include confirmation bias, where we favor information that confirms our existing beliefs, and anchoring bias, where we rely too heavily on the first piece of information we encounter.

How can I avoid cognitive biases in my decisions?

To avoid cognitive biases, you can practice critical thinking, seek diverse perspectives, and be aware of your emotional responses when making decisions.

Are there any tools or techniques to help with this?

Yes, techniques like the 'Five Whys' method, decision matrices, and mindfulness practices can help you recognize and mitigate cognitive biases.