Our human mind works like a super-sensitive complex Computer. A person picks up stimuli from the external environment & sends signals to the brain to decode, analyze & thereafter decide on the appropriate response . This in Psychology is referred to as 'Mediational Mental Event'. Sometimes, the human computer trespasses, misbehaves and gets out of line. As a consequence, the person starts developing 'cognitive biases' & thus takes skewed judgments. Curious to know the 7 frequently identified biases that generally derail human rationality??? Well per Pinker they are : 1. Anchoring - letting the first impact skew the overall rational decision. 'Halo' effect 2. Base-rate Fallacy - allowing one piece of new information abandon the original/studied assumptions made 3. Bandwagon Effect - (enjoy the doodle). Changing the path just to follow & be with others 4. Gamblers Fallacy - betting on the underdog merely because the favourite has won many times 5. Hyperbolic Discounting - one in the hand worth two in the bush decision despite the 'two' being a high probability 6. Probability Negation - taking a call despite probability not backing the opposite 7. Status-Quo Observance - doing the same old thing over & over to avoid changing despite knowing it is wrong
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Each article of yours enlighten me, so much to learn.
Thanks for making me ponder on the biases.We go through life carrying on with these biases but don't often try to question them, I will, henceforth.Thanks again.
agree, Thanks for sharing