Making good decisions is hard. We all face our fair share of tough choices, and sometimes we can’t be sure which way to turn.
That’s why it’s important to know about cognitive biases that lead us astray, so you can outsmart them when making a decision for yourself or someone else. In this video I’ll go over ten common cognitive biases – what they are, how they affect your decision-making process, and what you can do to combat them the next time you’re faced with an important choice.
The article was originally written by Jennifer Clinehens.
- Here is the original article.
- Additional Links and Resources:
- Is there a universal self-serving attribution bias?
- The Science of FOMO and What We’re Really Missing Out On
- The retrospective gambler’s fallacy
- How Do People Perceive the Causes of Behavior?
- What Is Narrative Bias?
- Survivor Bias and Mutual Fund Performance
- A method of estimating plane vulnerability based on damage of survivors
- WHAT IS NEUROECONOMICS?
- A Direct Study of Halo Effect
- Models of Temporal Discounting 1937–2000
- If you don’t want to be late, enumerate: Unpacking reduces the planning fallacy
- Video Timestamps:
- 0:00 – Intro
- 1:09 – Bias 1
- 1:37 – Bias 2
- 2:04 – Bias 3
- 2:44 – Bias 4
- 3:16 – Bias 5
- 3:46 – Bias 6
- 5:13 – Bias 7
- 5:49 – Bias 8
- 6:19 – Bias 9
- 6:53 – Bias 10
- 7:15 – The Bottom Line