Cognitive biases in decision making
A cognitive bias is a way of interpreting and acting on information that is not strictly rational. For example, you might hire a candidate for a job because they went to the same school as you did. There are many types of cognitive bias – with both positive and negative consequences – so it is important to understand how they work.
When to use it
- To understand how you make decisions, so that you can avoid making bad ones.
- To understand how others reach their point of view in discussions.
- To influence the decision-making processes in your organisation.
While there is a long history of research on cognitive biases, most people agree that the ‘fathers’ of the field are psychologists Amos Tversky ...