Question

Explore the topic of cognitive biases and identify three of them which are particularly relevant for you.

Recall some situations in your past when you were susceptible to these biases. How did they influence your actions? How can you avoid getting into situations like these in the future?

Answer 1

A cognitive bias is a systematic error in thinking that occurs when people are processing and interpreting information in the world around them and affects the decisions and judgments that they make. The human brain is powerful but subject to limitations.

1.Negativity Bias

2.Confirmation Bias

3.Self-Serving Bias

4.Gender Bias

Situation in confirmation Bias :

where people seek, interpret and remember information in a way that confirms their existing ideas.

Let’s say I just bought This sunday one of products of mcdonald. I decided to buy from Mcdonald, handed over precious cash and now want feel like it was money well spent. This is the post-sale period where i want to justify The purchase from Mcdonald – not only to get my money’s worth but also protect my ego from admitting that i have not make a bad choice.i will want to confirm they i made the right decision .This Bias often happens with us

influence to the action :-

The bias influence the decision of action in significant way it greatly impact the decision making and consequent the action taken . We takes the action based on bias which causes wrong interpretation in our mind .

Avoid situation of congnitive bias :-

1.

Avoid making decisions under time pressure

2.

Avoid making decisions when you are cognitively involved in a different task

3.

Take time to reflect if you are overly invested in being right rather than discovering what you might have missed. Ask: What might I be missing? Reframe errors as opportunities to learn and grow rather than evidence of your competency

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