What are cognitive biases and how do they impact decision making?

Understanding Cognitive Biases

Cognitive biases are systematic patterns of deviation from logic, leading to irrational judgments. These biases influence our decision-making processes, often causing us to deviate from rationality and make flawed judgments. They can impact various aspects of our lives, from personal relationships to professional endeavors.

Impact on Decision Making

Cognitive biases can significantly impact decision making by clouding our judgment and leading us to make decisions that are not based on facts or clear reasoning. These biases can create barriers to logical thinking and hinder our ability to make sound choices.

Emotional Influence

Many cognitive biases are rooted in emotions, influencing our perceptions and decisions based on feelings rather than facts. Understanding these biases is crucial in overcoming their influence on decision making.

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