The 20 Most Common Cognitive Biases

In laymen's terms, a cognitive bias is a shortcut taken by your brain that leads to illogical conclusions. Cognitive biases arose in the brains of our ancestors, whose environment placed a premium on quick decisions at the cost of accuracy. Today, these biases can still benefit us in certain contexts (e.g. athletic competitions or life and death situations), but can really hurt us in arenas governed by rationality (e.g., one's career or investment decisions). Luckily, 20% of cognitive biases are responsible…

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