Cognitive biases affect decisionmaking from "summary" of Thinking, Fast and Slow... in 30 Minutes by 30 Minute Expert Summary Staff
Cognitive biases are systematic patterns of deviation from norm or rationality in judgment. These biases often lead people to make decisions based on subjective factors rather than objective information. This can result in errors in reasoning and flawed decision-making processes. These biases are thought to be a result of the brain's attempt to simplify information processing by using mental shortcuts or heuristics. While these shortcuts can be helpful in some situations, they can also lead to errors when applied to complex decision-making tasks. One common cognitive bias is the availability heuristic, which is the tendency to judge the likelihood of an event based on how easily examples of it come to mind. This bias can lead people to overestimate the likelihood of rare events, such as plane crashes, if they are highly publ...
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