Monthly Archives: April 2016

Cognitive Biases and Bad Decisions

cognitive_biasesHere’s a piece from  Business Insider that explains 20 cognitive biases that screw up your decisions .

Cognitive biases are subconscious mental tendencies, usually rooted in intuition, that lead us into errors of judgment or decision. Many of them have been very well documented by psychologists and experimental economists. They’re notoriously hard to avoid, but certainly knowing about them is a good start.