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 individuals to make irrational choices based on their perceptions, emotions, or social influences.

Can you give me some examples of cognitive biases?

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

How can I minimize the impact of cognitive biases in my decisions?

To minimize cognitive biases, you can seek diverse perspectives, question your assumptions, and use structured decision-making processes. Taking time to reflect on your choices can also help.

Are there any tools or techniques to help with this?

Yes, techniques like the 'Six Thinking Hats' method or decision matrices can help you analyze situations from multiple angles and reduce bias.