5 Types of Cognitive Biases Impact Our Decision-Making Process
These cognitive biases can lead us to incorrect conclusions, so it’s important to know what they are and how they impact your decisions
Our brains can process a lot of data and information through our five senses of eyesight, hearing, taste, touch, and smell.
There are about 100 billion neurons — the fundamental units of the brain — in a human brain.
Despite how powerful our brains are and how much data we can process, we still need shortcuts. These mental shortcuts are called heuristics that help us solve problems and make judgments quickly and efficiently.
These mental shortcuts help us not get stuck in making decisions. They allow us to function without stopping to think about the next thing we need to do. They shorten your decision-making time.
Your mental shortcuts can lead to a cognitive bias — an error in your thinking when you are processing and interpreting information. These biases impact your decision-making and judgments.
Cognitive biases are used to help your brain to simplify information processing. They sometimes warp our decision-making process and lead us to make false conclusions. These time-saving…
