Decision Making Biases
Learn about cognitive biases that impact our choices and judgment through real-world examples.
Anchoring Bias
Our tendency to fixate on the first piece of information we encounter can heavily skew our decisions.
Availability Heuristic
We often overestimate the importance of vivid or recent events, letting easily recalled information outweigh objective data in our decisions.
Confirmation Bias
We tend to seek out and interpret information in ways that support what we already believe, while dismissing or overlooking evidence that challenges those views.
Status Quo Bias
The tendency to stick with the current situation just because it’s familiar, often causing people to avoid change even when better options are available.
Sunk Cost Fallacy
The tendency to stick with a decision because of money, time, or effort already spent, even when it no longer makes sense to continue.
Survivorship Bias
The tendency to focus only on people or things that succeeded, while ignoring those that failed and are no longer visible, leading to distorted conclusions.