2 Matching Annotations
  1. Oct 2020
  2. Sep 2018
    1. most commonly creep into the decision-making process.

      I think, that we need to understand, how do our brains work, because it is part of us, which creates ourselves. There is the list of 7 most commonly creep cognitive biases into the decision- making process. " Progress bias

      What it is: Where we give more credit to our good actions even if they’re outweighed by the bad.

      Confirmation bias

      What it is: Where we’re more likely to believe information that confirms opinions we already have.

      Survivorship bias

      What it is: Where we only pay attention to people or things that succeeded and ignore all those who didn’t.

      Dunning-Kruger effect

      What it is: When confidence and experience are mismatched.

      IKEA effect

      What it is: Where we place much higher value on things we’ve personally worked on.

      Planning fallacy

      What it is: Where we underestimate the time we need to complete a task.

      Availability heuristic

      What it is: Where we believe that if something can be recalled it must be important. "