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 rather than objective reality.

Can you give me some examples of common cognitive biases?

Sure! Some common cognitive biases 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 reduce the impact of cognitive biases in my decisions?

To reduce cognitive biases, you can practice critical thinking, seek diverse perspectives, and be aware of your own biases. Taking time to reflect on your decisions can also help.

Are there any tools or techniques to help identify cognitive biases?

Yes, there are several tools like checklists for cognitive biases, decision-making frameworks, and even apps designed to help you recognize and mitigate biases in your thinking.