Cognitive biases play a big role in how we see risks and uncertainty. Here are some ways they influence our thinking:
Overconfidence Bias: Sometimes, we think we know more than we really do. This can make us take chances that are not smart.
Availability Heuristic: When something happens recently or is very noticeable, we might think that it happens more often than it actually does. This can change how we judge risks.
Confirmation Bias: We usually look for information that supports what we already believe. This means we can miss important facts that might disagree with our views.
These biases can really confuse our decisions when we face uncertain situations. This is something we can all relate to in our daily lives.
Cognitive biases play a big role in how we see risks and uncertainty. Here are some ways they influence our thinking:
Overconfidence Bias: Sometimes, we think we know more than we really do. This can make us take chances that are not smart.
Availability Heuristic: When something happens recently or is very noticeable, we might think that it happens more often than it actually does. This can change how we judge risks.
Confirmation Bias: We usually look for information that supports what we already believe. This means we can miss important facts that might disagree with our views.
These biases can really confuse our decisions when we face uncertain situations. This is something we can all relate to in our daily lives.