Audio available in app
Cognitive ease leads to overconfidence from "summary" of Thinking, Fast and Slow by Daniel Kahneman
The ease with which we can call information to mind often determines our confidence in that information. When a thought comes to mind quickly and easily, we are more likely to trust it. This mental shortcut makes intuitive sense - if something feels familiar and readily available, it must be true. We rely on this feeling of cognitive ease to make quick judgments and decisions in our daily lives. However, cognitive ease can sometimes lead us astray, especially when it comes to more complex or ambiguous situations. When we experience cognitive ease, we tend to underestimate the effort that went into forming our thoughts. We mistake the ease of retrieval for the accuracy of our judgments. This overconfidence can cloud our reasoning and lead us t...
Similar Posts
Social norms affect judgment and behavior
Social norms play a crucial role in shaping our judgment and behavior. These norms are unwritten rules of behavior that govern ...
Rational individuals consider the consequences of their actions
The concept of rationality involves a thoughtful consideration of the consequences of one’s actions. Rational individuals do no...
Diversification is key to managing risk
Diversification is an essential principle when it comes to managing risk in your investment portfolio. It involves spreading yo...
Too much automation can reduce job satisfaction
When machines take over tasks that were once performed by humans, it can lead to a decrease in job satisfaction. This may seem ...
Manipulation tactics can be subtle
Manipulation tactics can be subtle. They can be so subtle that you may not even realize that you are being manipulated. These t...
The brain is the seat of consciousness
The brain, with its billions of neurons and intricate network of connections, plays a crucial role in generating consciousness....
Embracing uncertainty is part of being a contrarian investor
Contrarian investors understand that uncertainty is an inherent part of the investing process. Instead of being intimidated by ...
Seek out new perspectives
To truly think independently, you must actively seek out new perspectives that challenge your existing beliefs and assumptions....
Enhancing problemsolving skills
To improve one's problem-solving skills, it is essential to practice logical thinking. Logical thinking involves analyzing situ...
Be mindful of the gambler's fallacy
In the casino, there is a trap waiting for you: the gambler's fallacy. It is the belief that past random events can influence f...
