#cognitive-bias

#cognitive-bias

The investment decisions people make are often influenced by cognitive biases that can lead to irrational decisions or behavior contrary to personal financial goals. Cognitive biases, like the status quo bias, showcase a tendency to prefer existing circumstances over change.

The halo effect distorts objective evaluation, as attractive individuals are often assumed to possess positive traits like intelligence and trustworthiness, despite lacking supporting evidence.

Despite a test that's '99% accurate,' your chance of being sick is only 9%, because the disease is so rare. That 1-in-1000 is the base rate.

People frequently underestimate task durations due to the planning fallacy, causing projects to run over budget and behind schedule,

Every year, thousands of intelligent and otherwise capable people fall victim to some form of exploitation or fraud. The fallout is devastating, both financially and psychologically.

"We have in our minds that the people who support the other candidate are these narrow stereotypes of what we've seen in the media, and what our own minds created due to our cognitive biases. We tend to see people on the other side as being extreme, irrational, and driven by hatred. But that's a distortion of who most people are."