What are cognitive biases and how do they influence decision-making?

Cognitive biases are systematic patterns of deviation from rationality.

These biases can affect our judgment and decision-making processes, leading to irrational conclusions. They often stem from mental shortcuts or emotional influences that simplify complex information processing. For example, the confirmation bias causes people to seek out information that confirms their preconceptions, while the availability bias prioritizes readily available information over accurate data.

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