July 14, 2022

22 cognitive biases you can learn in 30 seconds to make 100x better decisions

 Blind Spot Bias: 

We see everyone else's biases, but believe we don't have any.


Clustering Illusion:

We see patterns in randomness.


Optimism Bias:

Blindly believing only good things will happen to us.


Suggestibility:

Filling in the gaps of our memory with information other people told us.


Bystander Effect:

Assuming someone else will help during an emergency; not us.


Ben Franklin Effect:

We want to do favors for people we've helped before


Zeigarnik Effect:

We remember interrupted & unfinished tasks better than completed ones.


Law of Triviality:

We spend more time on trivial issues; we ignore important ones.


Tachypsychia:

We perceive time differently during stress or trauma.


Survivorship Bias:

We focus on successes but don't look at failures.


Placebo Effect:

We can perceive effects from a non-effective treatment.


Authority Bias:

We believe it if an authority figure said it.


IKEA Effect:

We value things more when we had a hand in making them.


Outgroup Homogeneity Bias: 

Our ingroup is complex & diverse; outgroups are all the same.


Stereotyping:

Believing surface-level biases about a group rather than the reality of the individuals.


Framing Effect:

We interpret the same information differently depending on context.


Zero-Risk Bias:

We prefer to stop all current, small risks completely than take an alternative that mitigates long-term risk


Gambler's Fallacy:

We believe a random event's probability is based on previous events.


Sunk-Cost Fallacy:

We don't want to change course after investing resources, even if it's clear the investment was poor.


Status Quo Bias:

We like consistency and resent disruption.


Declinism:

Our past is nostalgic, and the world has gone downhill since.


Availability Cascade:

Collective beliefs get stronger the more they're repeated.

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