Cognitive distortions, unconscious bias, cognitive bias, implicit bias, logical fallacies: you probably heard most or all of these terms. They can get really confusing if you don’t know the difference ...
Cognitive biases can have a negative impact on an investor’s ability to make rational decisions, potentially derailing their investment goals. These mental shortcuts and distortions that we make ...
Our hunter-gatherer ancestors are huddled around a campfire when they suddenly hear the nearby bushes rustling. They have two options: investigate if the movement was caused by small prey such as a ...
When you come across articles about human decision-making, whether in the popular press or scientific literature, the probability is high that the expression "cognitive bias" is likely to be used. In ...
While humans often consider themselves superior to other beings on Earth, this status in the animal kingdom has its drawbacks. Our capacity for complex thought also means we are uniquely skilled at ...
Cognitive psychology and neuroscience studies have found that the exact opposite is often true when it comes to politics: People form opinions based on emotions, such as fear, contempt and anger, ...
When it comes to thinking about the likelihood of events in the world, humans are woefully lacking. Indeed, when we reason about likelihoods and probabilities, we’re susceptible to all manner of ...
Your brain can be your worst enemy in trading. You like to think you’re rational and objective about every decision, but that isn’t true. Here’s the problem: Your attention is limited in an ...