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Answer :
Cognitive biases can lead to errors in reasoning, judgment, and decision-making. Becoming aware of your cognitive biases and working to mitigate them can lead to more rational, accurate, and effective decision-making.
A cognitive bias is an unconscious thinking error that causes you to misinterpret information from your surroundings and impacts the rationality and accuracy of your decisions and judgments. Cognitive biases can affect various areas of life, including personal relationships, financial decisions, and work performance.
Cognitive biases are automatic, and subconscious, and often stem from our personal experiences, upbringing, and beliefs. Cognitive biases can influence how we perceive, interpret, and remember information, leading to erroneous judgments and decisions.
A cognitive bias can be categorized as a social bias or a decision-making bias. Social biases include attribution bias, halo effect, confirmation bias, and self-serving bias, while decision-making biases include anchoring effect, overconfidence bias, availability heuristics, and sunk cost fallacy.
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