Studying the reliability of thinking and decision-making leads us into the slightly complex world of System 1 (fast) and System 2 (slow) thinking and heuristics. Teaching cognitive biases is straightforward, and less is more. The key point is that we are inclined to base our current thinking and decision-making on past experiences and present perceptions. Our memories distort the past, … Read More
Cognitive Biases
Cognitive biases – distortions of reality Cognitive biases arise from heuristics (shortcut thinking) and systematically distort the way we think and affect our decision-making. Three of the most common cognitive biases are confirmation bias, anchoring bias and cognitive dissonance. All three arise from our tendencies to focus on part of a story, especially the part that confirms our pre-existing beliefs, … Read More