"Dream, Dream, Dream! Conduct these dreams into thoughts, and then transform them into action."
- Dr. A. P. J. Abdul Kalam
3 Jul 2023
Cognitive bias is a term used to describe the human tendency to make decisions based on subjective factors rather than objective data. This can lead to errors in judgment and decision-making, as well as a distorted view of reality.
There are many different types of cognitive biases, including confirmation bias, where people seek out information that confirms their pre-existing beliefs, and availability bias, where people make decisions based on the information that is most readily available to them, rather than seeking out all available information.
Cognitive biases can have a significant impact on many areas of life, from personal relationships to business decisions. For example, confirmation bias can lead people to make decisions based on limited information, without considering all available data. Availability bias can lead people to overestimate the likelihood of rare events because they are more memorable.
It's important to be aware of cognitive biases and work to mitigate their effects. This can be done by seeking out diverse perspectives and information sources, actively challenging pre-existing beliefs, and being mindful of the subjective factors that may be influencing decision-making.
By understanding and addressing cognitive biases, individuals can make more informed and objective decisions, leading to better outcomes in both personal and professional settings.