The action bias is a cognitive bias that causes people to favor action over inaction, without properly considering the outcomes that this will bring. For example, the action bias can drive someone to make unnecessary changes to their investment portfolio, even if it would be better for them to do nothing. The action bias …
The projection bias is a cognitive bias that causes people to overestimate the degree to which their future attributes (e.g., tastes and beliefs) will resemble their current ones. Essentially, this bias leads people to engage in flawed self-forecasting, by projecting their current attributes onto their future self, and thus underestimating how much their attributes …
The bias blind spot is a cognitive bias that causes people to be less aware of their own biases than of those of others, and to assume that they’re less susceptible to biases than others. For example, the bias blind spot can cause someone to assume that other people’s political stance is influenced by …
The belief bias is a cognitive bias that causes people to over-rely on preexisting beliefs and knowledge when evaluating the conclusions of an argument, instead of properly considering the argument’s content and structure. Accordingly, the belief bias means that people tend to: Accept arguments that align with their preexisting beliefs, even if those arguments …
The zero-sum bias occurs when people mistakenly expect gains and losses to be directly balanced in a situation where they’re not, especially in terms of one party benefiting directly at the expense of others. For example, the zero-sum bias can cause someone to think that a resource they’re interested in is limited, meaning that …
The egocentric bias is a cognitive bias that causes people to rely too heavily on their own point of view when they examine events in their life or when they try to see things from other people’s perspective. Accordingly, the egocentric bias causes people to either underestimate how different other people’s viewpoint is from …
The confirmation bias is a cognitive bias that causes people to search for, favor, interpret, and recall information in a way that confirms their preexisting beliefs. For example, if someone is presented with a lot of information on a certain topic, the confirmation bias can cause them to only remember the bits of information …
Debiasing is a process through which the influence of cognitive biases is reduced, generally with the goal of helping people think in a more rational and optimal manner. Debiasing is usually accomplished through the use of various debiasing techniques, that can work on any number and type of cognitive biases. For example, when it comes to …
A cognitive bias is a systematic pattern of deviation from rationality, which occurs due to the way our cognitive system works. Accordingly, cognitive biases cause us to be irrational in the way we search for, evaluate, interpret, judge, use, and remember information, as well as in the way we make decisions. For example, one …
The pessimism bias is a cognitive bias that causes people to overestimate the likelihood of negative things and underestimate the likelihood of positive things, especially when it comes to assuming that future events will have a bad outcome. For example, the pessimism bias could cause someone to believe that they’re going to fail an …