Overview
Cognitive biases are inherent flaws in human judgment that can lead to irrational decision-making. They arise from the brain's attempt to simplify information processing, often resulting in systematic errors. Understanding these biases is crucial for improving decision-making in various aspects of l...
Key Terms
Example: If you see a shirt priced at $100, you might think a $50 shirt is cheap.
Example: A person who believes in a conspiracy theory may only seek out information that supports it.
Example: After seeing news reports about airplane accidents, a person may overestimate the danger of flying.
Example: A student may believe they will ace a test without studying, leading to poor performance.
Example: After a sports game, fans may claim they knew the outcome all along.
Example: A student attributes their good grades to hard work but blames a poor grade on a difficult exam.