What are Cognitive Biases? – Introduction
More and more people joined the crowd. Surely a red would be next? By the time it finally showed, after 26 black spins, the crowd had lost a colossal fortune.
More and more people joined the crowd. Surely a red would be next? By the time it finally showed, after 26 black spins, the crowd had lost a colossal fortune.
Round out this Pathway with an evolutionary perspective on cognitive bias.
Take a look at further research being done in the realm of cognitive bias.
Take a look at how businesses use behavioral strategy to mitigate the effects of cognitive bias on their organization.
Halvorson and Rock’s SEEDS model proposes five categories of cognitive biases and their corresponding mitigation strategies.
Much is said about the repercussions of unchecked cognitive biases. This tile examines how cognitive bias impacts different aspects of our everyday lives.
The breadth of information we encounter daily challenges our brain’s limited memory capacity. As such, the brain optimizes storage capacity using a few mental tricks.
Taking the time to deliberate on every decision we make can be exhausting and time-consuming. There are shortcuts for that – shortcuts aplenty.
When the human brain is faced with too much information, it compensates for its limited processing capacity using mental shortcuts.
Examine how decision-making processes are more complicated than they appear, and how mental shortcuts make most of the decisions we undertake in our daily lives.