Avoiding cognitive biases can lead to better decisionmaking from "summary" of The Art of Thinking Clearly: Better Thinking, Better Decisions by Rolf Dobelli
Cognitive biases are like optical illusions of thought. They occur when our brains take shortcuts to process information quickly, leading us astray in our decision-making. By being aware of these biases and actively working to avoid them, we can make better decisions. One common cognitive bias is the confirmation bias, where we seek out information that confirms our existing beliefs and ignore information that goes against them. This can lead us to overlook important facts and make decisions based on skewed perspectives. By actively seeking out information that challenges our beliefs, we can make more informed decisions. Another cognitive bias is the sunk cost fallacy, where we continue to invest in something because we have already invested so much, even if it no longer makes sense to do so. By recognizing this bias and making decisions based on the present and future rather than the past, we can avoid making costly mistakes. The availability heuristic is another cognitive bias that can cloud our judgment. This bias occurs when we make decisions based on information that is readily available to us, rather than considering all relevant information. By taking the time to gather all necessary information and not just relying on what is easily accessible, we can make more rational decisions. By understanding and actively working to avoid cognitive biases, we can improve our decision-making abilities. Being aware of these mental pitfalls and consciously choosing to think more critically can help us make better choices in all aspects of our lives.
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