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What is 03 Cognitive Biases Decision Making about?

Cognitive biases are systematic deviations from rational judgment that can lead to errors in decision-making, first identified by Tversky and Kahneman. Key biases include confirmation bias, anchoring effect, loss aversion, Dunning-Kruger effect, and sunk cost fallacy, each influencing how we perceive information and make choices. Strategies to mitigate these biases involve slowing down decision-making, seeking disconfirming evidence, and obtaining outside perspectives.

Author

ivalente

Language

EN