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Cognitive Biases

The following are cognitive biases that cloud our thinking and decision making skills.

AB
AnchoringThe first thing you judge influences your judgment of all that follows.
Sunk cost fallacyYou irrationally cling to things that have already cost you something.
Availability heuristicYour judgments are influenced by what springs most easily to mind.
Curse of knowledgeOnce you understand something, you presume it to be obvious to everyone.
Confirmation biasYou favour things that confirm your existing beliefs.
Dunning-Kruger effectThe more you know, the less confident you’re likely to be.
Belief biasIf a conclusion supports your existing beliefs, you’ll rationalize anything that supports it.
Self-serving biasYou believe your failures are due to external factors, yet you’re personally responsible for your successes.
The backfire effectWhen your core beliefs are challenged, it can cause you to believe even more strongly.
The Barnum effectYou see personal specifics in vague statements by filling in the gaps.
GroupthinkYou let the social dynamics of a group situation override the best outcomes.
Negativity biasYou allow negative things to disproportionately influence your thinking.
DeclinismYou remember the past as better than it was, and expect the future to be worse than evidence suggests it will be.
Framing effectYou allow yourself to be unduly influenced by context and delivery.
Fundamental attribution errorYou judge others on their character, but yourself on the situation.
The halo effectHow much you like someone or how attractive they are, influences your other judgements of them.
Optimism biasYou overestimate the likelihood of positive outcomes
Pessimism biasYou overestimate the likelihood of negative outcomes.
The Just world hypothesisYour preference for a just world makes you presume that it exists.
In-group biasYou unfairly favour those who belong to your group.
The Placebo effectIf you believe you’re taking medicine it can sometimes “work” even if it’s fake.
The bystander effectYou presume someone else is going to do something in an emergency situation.
ReactanceYou’d rather do the opposite of what someone is trying to make you do.
Spotlight effect- You overestimate how much people notice how you look and act.


Niagara College
Niagara on the Lake, ON

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