What are heuristics and biases in decision-making?

What are heuristics and biases in decision-making?

Heuristics are mental shortcuts that help us make decisions quickly, while biases are systematic errors in thinking.

Can you give me an example of a common heuristic?

Sure! The availability heuristic is when people judge the likelihood of events based on how easily examples come to mind.

What about confirmation bias?

Confirmation bias is the tendency to search for, interpret, and remember information that confirms our preexisting beliefs.

How can I avoid these biases in my decision-making?

To avoid biases, try to seek out diverse perspectives, question your assumptions, and rely on data rather than intuition.