Cognitive Bias
🧠Psych - 30 / 100
Hello,
Today, We will be talking about the Cognitive Bias.
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What is it?
The systematic error in patterns of responses to judgment and decision based problems in our life. Something which deviates from the usual responses.
Example -
The way you remember an event may be biased for a number of reasons and that, in turn, can lead to biased thinking and decision-making.
Where does it occur?
Everyone including your and around your, exhibits the cognitive bias. It is part of our daily thinking, decision making & choice based processes.
Why do I need to know?
Cognitive biases may lead to more effective actions in a given context. Furthermore, allowing cognitive biases enables faster decisions which can be desirable when timeliness is more valuable than accuracy, as illustrated in heuristics.
Other cognitive biases are a "by-product" of human processing limitations, resulting from a lack of appropriate mental mechanisms (bounded rationality), impact of individual's constitution and biological state (see embodied cognition), or simply from a limited capacity for information processing. [1]
Takeaways:-
In previous issues, we have discussed about a lot of cognitive biases such as Optimism Bias, Self-serving Bias and Halo Effect.
These biases affect one’s decision making and choice making abilities.
References & Studies:-
https://en.wikipedia.org/wiki/Cognitive_bias
https://www.verywellmind.com/what-is-a-cognitive-bias-2794963
Looking for previous issues? Take a look at Archives.
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