The Top Ways For Avoiding Cognitive Biases: List of Biases in Judgment and Decision-Making, Part 17

Last Monday I wrote that my cognitive bias series had come to an end. However, several of you emailed me asking for a more concise summary (as you’ll recall, the last post was over 3000 words). So, I thought I’d aggregate the most frequent suggestions of ways for avoiding cognitive biases. It’s in the same […]

Ways For Avoiding Cognitive Biases: List of Biases in Judgment and Decision-Making, Part 16

It’s Monday, so that means it’s time for another cognitive bias. However, I’ve finished the list of cognitive biases that I wanted to highlight. Of course, there are many more biases that could be discussed, but I thought those 14 were some of the more important cognitive biases. With today’s post, I thought I would […]

Hindsight is Always 20/20: List of Biases in Judgment and Decision-Making, Part 15

While it is a little later than I would have liked, it still is Monday (at least in EDT). Today’s cognitive bias: hindsight bias. As many of the previous biases, this is exactly how it sounds. In fact, there’s even a handy idiom to help you remember the gist of this bias: “Hindsight’s 20/20.” So, what is the […]

If All You Have is a Hammer…: List of Biases in Judgment and Decision-Making, Part 13

The popular ending to the title of this post is, “… everything looks like a nail.” I’m sure you’ve heard this phrase (or some variant thereof) before, right? I bet you didn’t know that this represents an important cognitive bias, though. In fact, I didn’t know that this phrase was popularized by one of the giants of […]

Neither the Beginning nor the End — Remember the Middle: List of Biases in Judgment and Decision-Making, Part 12

It’s Monday, so you know what that means — another cognitive bias! This week, I thought I’d combine two because they’re essentially two sides of the same coin. They are: the primacy effect and the recency effect. Believe it or not, these biases are just what they sound like. The primacy effect is the idea that […]

He’s Not as Bad as it Seems and She’s Not as Good as it Seems: List of Biases in Judgment and Decision-Making, Part 11

Hello Hello! It’s been a little more than three weeks since my last post. I’ve finished up the requirements for the MBA, so I should be back to writing posts with some regularity. Since today’s Monday, I thought I’d restart that series of posting about a cognitive bias on Mondays. Today’s cognitive bias: the halo effect. […]

Do Percentages Matter in a One-Time Decision?

I write a lot about decision-making. It’s clearly something that interests me. As a result, I often find myself thinking about how to make better decisions or how to help people make better decisions. That’s why I’m already up to Part 10 of that series on decision-making (and I’ve got at least 4 more to […]

WRAP — An Acronym from Decisive: List of Biases in Judgment and Decision-Making, Part 10

I recently came across a post from Farnam Street that seems like it would make a great addition to the series we’ve been exploring over the last 10 weeks (biases in judgment and decision-making). So, instead of going over another bias today, I thought I’d share the information I found and tie it back into our […]

When 99% Confident Leads to Wrongness 40% of the Time: List of Biases in Judgment and Decision-Making, Part 9

This week, we’re looking at one of my ‘favorite’ biases, in that it’s one that once you know, it can be quite comical to spot it in others (and yourself, if you still fall for it, from time to time). From Wikipedia: the overconfidence effect “is a well-established bias in which someone’s subjective confidence in […]

Situations Dictate Behavior: List of Biases in Judgment and Decision-Making, Part 8

We’re into the 8th week of cognitive biases. A couple of weeks ago, I was trying to decide between the confirmation bias and the fundamental attribution error and decided on the confirmation bias. I’m not sure why I decided to go with the gambler’s fallacy last week (as opposed to the fundamental attribution error), so […]