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 ma...
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