Why everyone should be concerned with Cognitive Biases
A cognitive bias can be viewed as an ‘error’ in thinking that causes you to misinterpret information from your environment and reach an incorrect conclusion. Although we are inundated with information from millions of sources throughout the day, in the process, our brain develops rating systems to decide what information deserves your attention and what information is important enough to store in memory. But it also creates shortcuts to shorten the time it takes to process information. The problem is that these shortcuts and rating systems are only sometimes objective because their architecture is adapted to your life experiences.
Human ‘errors’ in judgment, decision-making, and behavior eventually (in the worst case) lead to incidents, crashes, collisions, or disasters as engagement in biased judgment, decision-making, and behavior escalates.
The chart below gives you a simple overview:
The issue of cognitive biases is essential, and we should continue to raise awareness about it. The problem becomes more significant when algorithms are used to make decisions (algorithmic bias). Here, biases can quickly harm more significant parts of society.
“Let’s learn more about our human biases to make less biased conclusions in the future.”
~ (The Cognitive Biases Compendium)
Murat
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I have published a comprehensive book (about 500 pages) on this subject. It is available on Amazon/Leanpub as an eBook and paperback:
Link to Book:
Amazon: The Cognitive Biases Compendium
Leanpub: https://leanpub.com/thecognitivebiasescompendium
