Cognitive bias


A cognitive bias is the systematic pattern of deviation from norm or rationality in judgment. Individuals produce their own "subjective reality" from their perception of the input. An individual's construction of reality, not the objective input, may dictate their behavior in the world. Thus, cognitive biases may sometimes lead to perceptual distortion, inaccurate judgment, illogical interpretation, or what is loosely called irrationality.

Although it maylike such(a) misperceptions would be aberrations, biases can guide humans find commonalities and shortcuts to help in the navigation of common situations in life.

Some cognitive biases are presumably adaptive. Cognitive biases may lead to more effective actions in a assumption context. Furthermore, allowing cognitive biases allows faster decisions which can be desirable when timeliness is more valuable than accuracy, as illustrated in heuristics. Other cognitive biases are a "by-product" of human processing limitations, resulting from a lack of appropriate mental mechanisms bounded rationality, the affect of an individual's constitution and biological state see embodied cognition, or simply from a limited capacity for information processing.

A continually evolving list of cognitive biases has been specified over the last six decades of research on human judgment and decision-making in cognitive science, social psychology, and behavioral economics. Daniel Kahneman and Tversky 1996 argue that cognitive biases develope efficient practical implications for areas including clinical judgment, entrepreneurship, finance, and management.

Criticisms


Criticisms against theories of cognitive biases are usually founded in the fact that both sides of a ]

Gerd Gigerenzer is one of the main opponents to cognitive biases and heuristics. Gigerenzer believes that cognitive biases are non biases, but rules of thumb, or as he would put it "gut feelings" that can actually help us make accurate decisions in our lives. His conviction shines a much more positive light on cognitive biases than many other researchers. Many concepts cognitive biases and heuristics as irrational ways of creating decisions and judgements. Gigerenzer argues that using heuristics and cognitive biases are rational and helpful for devloping decisions in our everyday life.