What is the role of cognitive biases in decision-making processes?

Cognitive biases are inherent tendencies that influence decision-making processes in the brain.

These biases can lead to deviations from rationality, as they stem from mental shortcuts and emotional influences.

Common cognitive biases include confirmation bias, anchoring bias, and framing effect.

Confirmation bias involves seeking information that confirms existing beliefs, while anchoring bias refers to relying heavily on the initial piece of information. The framing effect shows how presentation can alter decision outcomes.

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