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Cognitive bias

A cognitive bias is a systematic pattern of deviation from norm or rationality in judgment.[1] Individuals create 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, and irrationality.[2][3][4]

The Cognitive Bias Codex

While cognitive biases may initially appear to be negative, some are adaptive. They may lead to more effective actions in a given context.[5] Furthermore, allowing cognitive biases enables faster decisions which can be desirable when timeliness is more valuable than accuracy, as illustrated in heuristics.[6] Other cognitive biases are a "by-product" of human processing limitations,[1] resulting from a lack of appropriate mental mechanisms (bounded rationality), the impact of an individual's constitution and biological state (see embodied cognition), or simply from a limited capacity for information processing.[7][8]

A continually evolving list of cognitive biases has been identified over the last six decades of research on human judgment and decision-making in cognitive science, social psychology, and behavioral economics. The study of cognitive biases has practical implications for areas including clinical judgment, entrepreneurship, finance, and management.[9][10]

Overview edit

The notion of cognitive biases was introduced by Amos Tversky and Daniel Kahneman in 1972[11] and grew out of their experience of people's innumeracy, or inability to reason intuitively with the greater orders of magnitude. Tversky, Kahneman, and colleagues demonstrated several replicable ways in which human judgments and decisions differ from rational choice theory. Tversky and Kahneman explained human differences in judgment and decision-making in terms of heuristics. Heuristics involve mental shortcuts which provide swift estimates about the possibility of uncertain occurrences.[12] Heuristics are simple for the brain to compute but sometimes introduce "severe and systematic errors."[6] For example, the representativeness heuristic is defined as "The tendency to judge the frequency or likelihood" of an occurrence by the extent of which the event "resembles the typical case."[12]

The "Linda Problem" illustrates the representativeness heuristic (Tversky & Kahneman, 1983[13]). Participants were given a description of "Linda" that suggests Linda might well be a feminist (e.g., she is said to be concerned about discrimination and social justice issues). They were then asked whether they thought Linda was more likely to be (a) a "bank teller" or (b) a "bank teller and active in the feminist movement." A majority chose answer (b). This error (mathematically, answer (b) cannot be more likely than answer (a)) is an example of the "conjunction fallacy"; Tversky and Kahneman argued that respondents chose (b) because it seemed more "representative" or typical of persons who might fit the description of Linda. The representativeness heuristic may lead to errors such as activating stereotypes and inaccurate judgments of others (Haselton et al., 2005, p. 726).

Critics of Kahneman and Tversky, such as Gerd Gigerenzer, alternatively argued that heuristics should not lead us to conceive of human thinking as riddled with irrational cognitive biases. They should rather conceive rationality as an adaptive tool, not identical to the rules of formal logic or the probability calculus.[14] Nevertheless, experiments such as the "Linda problem" grew into heuristics and biases research programs, which spread beyond academic psychology into other disciplines including medicine and political science.

Definitions edit

Definition Source
"bias ... that occurs when humans are processing and interpreting information" ISO/IEC TR 24027:2021(en), 3.2.4,[15] ISO/IEC TR 24368:2022(en), 3.8[16]

Types edit

Biases can be distinguished on a number of dimensions. Examples of cognitive biases include -

  • Biases specific to groups (such as the risky shift) versus biases at the individual level.
  • Biases that affect decision-making, where the desirability of options has to be considered (e.g., sunk costs fallacy).
  • Biases, such as illusory correlation, that affect judgment of how likely something is or whether one thing is the cause of another.
  • Biases that affect memory,[17] such as consistency bias (remembering one's past attitudes and behavior as more similar to one's present attitudes).
  • Biases that reflect a subject's motivation,[18] for example, the desire for a positive self-image leading to egocentric bias and the avoidance of unpleasant cognitive dissonance.[19]

Other biases are due to the particular way the brain perceives, forms memories and makes judgments. This distinction is sometimes described as "hot cognition" versus "cold cognition", as motivated reasoning can involve a state of arousal. Among the "cold" biases,

  • some are due to ignoring relevant information (e.g., neglect of probability),
  • some involve a decision or judgment being affected by irrelevant information (for example the framing effect where the same problem receives different responses depending on how it is described; or the distinction bias where choices presented together have different outcomes than those presented separately), and
  • others give excessive weight to an unimportant but salient feature of the problem (e.g., anchoring).

As some biases reflect motivation specifically the motivation to have positive attitudes to oneself.[19] It accounts for the fact that many biases are self-motivated or self-directed (e.g., illusion of asymmetric insight, self-serving bias). There are also biases in how subjects evaluate in-groups or out-groups; evaluating in-groups as more diverse and "better" in many respects, even when those groups are arbitrarily defined (ingroup bias, outgroup homogeneity bias).

Some cognitive biases belong to the subgroup of attentional biases, which refers to paying increased attention to certain stimuli. It has been shown, for example, that people addicted to alcohol and other drugs pay more attention to drug-related stimuli. Common psychological tests to measure those biases are the Stroop task[20][21] and the dot probe task.

Individuals' susceptibility to some types of cognitive biases can be measured by the Cognitive Reflection Test (CRT) developed by Shane Frederick (2005).[22][23]

List of biases edit

The following is a list of the more commonly studied cognitive biases:

Name Description
Fundamental attribution error (FAE, aka correspondence bias[24]) Tendency to overemphasize personality-based explanations for behaviors observed in others. At the same time, individuals under-emphasize the role and power of situational influences on the same behavior. Edward E. Jones and Victor A. Harris' (1967)[25] classic study illustrates the FAE. Despite being made aware that the target's speech direction (pro-Castro/anti-Castro) was assigned to the writer, participants ignored the situational pressures and attributed pro-Castro attitudes to the writer when the speech represented such attitudes.
Implicit bias (aka implicit stereotype, unconscious bias) Tendency to attribute positive or negative qualities to a group of individuals. It can be fully non-factual or be an abusive generalization of a frequent trait in a group to all individuals of that group.
Priming bias Tendency to be influenced by the first presentation of an issue to create our preconceived idea of it, which we then can adjust with later information.
Confirmation bias Tendency to search for or interpret information in a way that confirms one's preconceptions, and discredit information that does not support the initial opinion.[26] Related to the concept of cognitive dissonance, in that individuals may reduce inconsistency by searching for information which reconfirms their views (Jermias, 2001, p. 146).[27]
Affinity bias Tendency to be favorably biased toward people most like ourselves.[28]
Self-serving bias Tendency to claim more responsibility for successes than for failures. It may also manifest itself as a tendency for people to evaluate ambiguous information in a way beneficial to their interests.
Belief bias Tendency to evaluate the logical strength of an argument based on current belief and perceived plausibility of the statement's conclusion.
Framing Tendency to narrow the description of a situation in order to guide to a selected conclusion. The same primer can be framed differently and therefore lead to different conclusions.
Hindsight bias Tendency to view past events as being predictable. Also called the "I-knew-it-all-along" effect.
Embodied cognition Tendency to have selectivity in perception, attention, decision making, and motivation based on the biological state of the body.
Anchoring bias The inability of people to make appropriate adjustments from a starting point in response to a final answer. It can lead people to make sub-optimal decisions. Anchoring affects decision making in negotiations, medical diagnoses, and judicial sentencing.[29]
Status quo bias Tendency to hold to the current situation rather than an alternative situation, to avoid risk and loss (loss aversion).[30] In status quo bias, a decision-maker has the increased propensity to choose an option because it is the default option or status quo. Has been shown to affect various important economic decisions, for example, a choice of car insurance or electrical service.[31]
Overconfidence effect Tendency to overly trust one's own capability to make correct decisions. People tended to overrate their abilities and skills as decision makers.[32] See also the Dunning–Kruger effect.
Physical attractiveness stereotype The tendency to assume people who are physically attractive also possess other desirable personality traits.[33]

Practical significance edit

Many social institutions rely on individuals to make rational judgments.

The securities regulation regime largely assumes that all investors act as perfectly rational persons. In truth, actual investors face cognitive limitations from biases, heuristics, and framing effects.

A fair jury trial, for example, requires that the jury ignore irrelevant features of the case, weigh the relevant features appropriately, consider different possibilities open-mindedly and resist fallacies such as appeal to emotion. The various biases demonstrated in these psychological experiments suggest that people will frequently fail to do all these things.[34] However, they fail to do so in systematic, directional ways that are predictable.[4]

In some academic disciplines, the study of bias is very popular. For instance, bias is a wide spread and well studied phenomenon because most decisions that concern the minds and hearts of entrepreneurs are computationally intractable.[10]

Cognitive biases can create other issues that arise in everyday life. One study showed the connection between cognitive bias, specifically approach bias, and inhibitory control on how much unhealthy snack food a person would eat.[35] They found that the participants who ate more of the unhealthy snack food, tended to have less inhibitory control and more reliance on approach bias. Others have also hypothesized that cognitive biases could be linked to various eating disorders and how people view their bodies and their body image.[36][37]

It has also been argued that cognitive biases can be used in destructive ways.[38] Some believe that there are people in authority who use cognitive biases and heuristics in order to manipulate others so that they can reach their end goals. Some medications and other health care treatments rely on cognitive biases in order to persuade others who are susceptible to cognitive biases to use their products. Many see this as taking advantage of one's natural struggle of judgement and decision-making. They also believe that it is the government's responsibility to regulate these misleading ads.

Cognitive biases also seem to play a role in property sale price and value. Participants in the experiment were shown a residential property.[39] Afterwards, they were shown another property that was completely unrelated to the first property. They were asked to say what they believed the value and the sale price of the second property would be. They found that showing the participants an unrelated property did have an effect on how they valued the second property.

Cognitive biases can be used in non-destructive ways. In team science and collective problem-solving, the superiority bias can be beneficial. It leads to a diversity of solutions within a group, especially in complex problems, by preventing premature consensus on suboptimal solutions. This example demonstrates how a cognitive bias, typically seen as a hindrance, can enhance collective decision-making by encouraging a wider exploration of possibilities.[40]

Reducing edit

Because they cause systematic errors, cognitive biases cannot be compensated for using a wisdom of the crowd technique of averaging answers from several people.[41] Debiasing is the reduction of biases in judgment and decision-making through incentives, nudges, and training. Cognitive bias mitigation and cognitive bias modification are forms of debiasing specifically applicable to cognitive biases and their effects. Reference class forecasting is a method for systematically debiasing estimates and decisions, based on what Daniel Kahneman has dubbed the outside view.

Similar to Gigerenzer (1996),[42] Haselton et al. (2005) state the content and direction of cognitive biases are not "arbitrary" (p. 730).[1] Moreover, cognitive biases can be controlled. One debiasing technique aims to decrease biases by encouraging individuals to use controlled processing compared to automatic processing.[24] In relation to reducing the FAE, monetary incentives[43] and informing participants they will be held accountable for their attributions[44] have been linked to the increase of accurate attributions. Training has also shown to reduce cognitive bias. Carey K. Morewedge and colleagues (2015) found that research participants exposed to one-shot training interventions, such as educational videos and debiasing games that taught mitigating strategies, exhibited significant reductions in their commission of six cognitive biases immediately and up to 3 months later.[45]

Cognitive bias modification refers to the process of modifying cognitive biases in healthy people and also refers to a growing area of psychological (non-pharmaceutical) therapies for anxiety, depression and addiction called cognitive bias modification therapy (CBMT). CBMT is sub-group of therapies within a growing area of psychological therapies based on modifying cognitive processes with or without accompanying medication and talk therapy, sometimes referred to as applied cognitive processing therapies (ACPT). Although cognitive bias modification can refer to modifying cognitive processes in healthy individuals, CBMT is a growing area of evidence-based psychological therapy, in which cognitive processes are modified to relieve suffering[46][47] from serious depression,[48] anxiety,[49] and addiction.[50] CBMT techniques are technology-assisted therapies that are delivered via a computer with or without clinician support. CBM combines evidence and theory from the cognitive model of anxiety,[51] cognitive neuroscience,[52] and attentional models.[53]

Cognitive bias modification has also been used to help those with obsessive-compulsive beliefs and obsessive-compulsive disorder.[54][55] This therapy has shown that it decreases the obsessive-compulsive beliefs and behaviors.

Common theoretical causes of some cognitive biases edit

Bias arises from various processes that are sometimes difficult to distinguish. These include:

Individual differences in cognitive biases edit

 
The relation between cognitive bias, habit and social convention is still an important issue.

People do appear to have stable individual differences in their susceptibility to decision biases such as overconfidence, temporal discounting, and bias blind spot.[64] That said, these stable levels of bias within individuals are possible to change. Participants in experiments who watched training videos and played debiasing games showed medium to large reductions both immediately and up to three months later in the extent to which they exhibited susceptibility to six cognitive biases: anchoring, bias blind spot, confirmation bias, fundamental attribution error, projection bias, and representativeness.[65]

Individual differences in cognitive bias have also been linked to varying levels of cognitive abilities and functions.[66] The Cognitive Reflection Test (CRT) has been used to help understand the connection between cognitive biases and cognitive ability. There have been inconclusive results when using the Cognitive Reflection Test to understand ability. However, there does seem to be a correlation; those who gain a higher score on the Cognitive Reflection Test, have higher cognitive ability and rational-thinking skills. This in turn helps predict the performance on cognitive bias and heuristic tests. Those with higher CRT scores tend to be able to answer more correctly on different heuristic and cognitive bias tests and tasks.[67]

Age is another individual difference that has an effect on one's ability to be susceptible to cognitive bias. Older individuals tend to be more susceptible to cognitive biases and have less cognitive flexibility. However, older individuals were able to decrease their susceptibility to cognitive biases throughout ongoing trials.[68] These experiments had both young and older adults complete a framing task. Younger adults had more cognitive flexibility than older adults. Cognitive flexibility is linked to helping overcome pre-existing biases.

Criticism edit

Cognitive bias theory loses the sight of any distinction between reason and bias. If every bias can be seen as a reason, and every reason can be seen as a bias, then the distinction is lost.[69]

Criticism against theories of cognitive biases is usually founded in the fact that both sides of a debate often claim the other's thoughts to be subject to human nature and the result of cognitive bias, while claiming their own point of view to be above the cognitive bias and the correct way to "overcome" the issue. This rift ties to a more fundamental issue that stems from a lack of consensus in the field, thereby creating arguments that can be non-falsifiably used to validate any contradicting viewpoint.[citation needed]

Gerd Gigerenzer is one of the main opponents to cognitive biases and heuristics.[70][71][72] Gigerenzer believes that cognitive biases are not 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 view shines a much more positive light on cognitive biases than many other researchers. Many view cognitive biases and heuristics as irrational ways of making decisions and judgements.

See also edit

Further reading edit

  • Eiser JR, van der Pligt J (1988). Attitudes and Decisions. London: Routledge. ISBN 978-0-415-01112-9.
  • Fine C (2006). A Mind of its Own: How your brain distorts and deceives. Cambridge, UK: Icon Books. ISBN 1-84046-678-2.
  • Gilovich T (1993). How We Know What Isn't So: The Fallibility of Human Reason in Everyday Life. New York: Free Press. ISBN 0-02-911706-2.
  • Haselton MG, Nettle D, Andrews PW (2005). "The evolution of cognitive bias" (PDF). In Buss DM (ed.). Handbook of Evolutionary Psychology. Hoboken: Wiley. pp. 724–746.
  • Heuer RJ Jr (1999). "Psychology of Intelligence Analysis. Central Intelligence Agency".
  • Kahneman D (2011). Thinking, Fast and Slow. New York: Farrar, Straus and Giroux. ISBN 978-0-374-27563-1.
  • Kahneman D (2022). Noise: A Flaw in Human Judgment. Little, Brown and Company. ISBN 978-0316451390.
  • Kida T (2006). Don't Believe Everything You Think: The 6 Basic Mistakes We Make in Thinking. New York: Prometheus. ISBN 978-1-59102-408-8.
  • Krueger JI, Funder DC (June 2004). "Towards a balanced social psychology: causes, consequences, and cures for the problem-seeking approach to social behavior and cognition". The Behavioral and Brain Sciences. 27 (3): 313–27, discussion 328–76. doi:10.1017/s0140525x04000081. PMID 15736870. S2CID 6260477.
  • Nisbett R, Ross L (1980). Human Inference: Strategies and shortcomings of human judgement. Englewood Cliffs, NJ: Prentice-Hall. ISBN 978-0-13-445130-5.
  • Piatelli-Palmarini M (1994). Inevitable Illusions: How Mistakes of Reason Rule Our Minds. New York: John Wiley & Sons. ISBN 0-471-15962-X.
  • Stanovich K (2009). What Intelligence Tests Miss: The Psychology of Rational Thought. New Haven (CT): Yale University Press. ISBN 978-0-300-12385-2.
  • Tavris C, Aronson E (2007). Mistakes Were Made (But Not by Me): Why We Justify Foolish Beliefs, Bad Decisions and Hurtful Acts. Orlando, Florida: Harcourt Books. ISBN 978-0-15-101098-1.
  • Young S (2007). Micromessaging - Why Great Leadership Is Beyond Words. New York: McGraw-Hill. ISBN 978-0-07-146757-5.

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External links edit

  •   Media related to Cognitive biases at Wikimedia Commons
  •   Quotations related to Cognitive bias at Wikiquote
  • The Roots of Consciousness: To Err Is human
  • (archived 20 June 2006)
  • A Visual Study Guide To Cognitive Biases

cognitive, bias, cognitive, bias, systematic, pattern, deviation, from, norm, rationality, judgment, individuals, create, their, subjective, reality, from, their, perception, input, individual, construction, reality, objective, input, dictate, their, behavior,. A cognitive bias is a systematic pattern of deviation from norm or rationality in judgment 1 Individuals create 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 and irrationality 2 3 4 The Cognitive Bias CodexWhile cognitive biases may initially appear to be negative some are adaptive They may lead to more effective actions in a given context 5 Furthermore allowing cognitive biases enables faster decisions which can be desirable when timeliness is more valuable than accuracy as illustrated in heuristics 6 Other cognitive biases are a by product of human processing limitations 1 resulting from a lack of appropriate mental mechanisms bounded rationality the impact of an individual s constitution and biological state see embodied cognition or simply from a limited capacity for information processing 7 8 A continually evolving list of cognitive biases has been identified over the last six decades of research on human judgment and decision making in cognitive science social psychology and behavioral economics The study of cognitive biases has practical implications for areas including clinical judgment entrepreneurship finance and management 9 10 Contents 1 Overview 1 1 Definitions 2 Types 2 1 List of biases 3 Practical significance 4 Reducing 5 Common theoretical causes of some cognitive biases 6 Individual differences in cognitive biases 7 Criticism 8 See also 9 Further reading 10 References 11 External linksOverview editThe notion of cognitive biases was introduced by Amos Tversky and Daniel Kahneman in 1972 11 and grew out of their experience of people s innumeracy or inability to reason intuitively with the greater orders of magnitude Tversky Kahneman and colleagues demonstrated several replicable ways in which human judgments and decisions differ from rational choice theory Tversky and Kahneman explained human differences in judgment and decision making in terms of heuristics Heuristics involve mental shortcuts which provide swift estimates about the possibility of uncertain occurrences 12 Heuristics are simple for the brain to compute but sometimes introduce severe and systematic errors 6 For example the representativeness heuristic is defined as The tendency to judge the frequency or likelihood of an occurrence by the extent of which the event resembles the typical case 12 The Linda Problem illustrates the representativeness heuristic Tversky amp Kahneman 1983 13 Participants were given a description of Linda that suggests Linda might well be a feminist e g she is said to be concerned about discrimination and social justice issues They were then asked whether they thought Linda was more likely to be a a bank teller or b a bank teller and active in the feminist movement A majority chose answer b This error mathematically answer b cannot be more likely than answer a is an example of the conjunction fallacy Tversky and Kahneman argued that respondents chose b because it seemed more representative or typical of persons who might fit the description of Linda The representativeness heuristic may lead to errors such as activating stereotypes and inaccurate judgments of others Haselton et al 2005 p 726 Critics of Kahneman and Tversky such as Gerd Gigerenzer alternatively argued that heuristics should not lead us to conceive of human thinking as riddled with irrational cognitive biases They should rather conceive rationality as an adaptive tool not identical to the rules of formal logic or the probability calculus 14 Nevertheless experiments such as the Linda problem grew into heuristics and biases research programs which spread beyond academic psychology into other disciplines including medicine and political science Definitions edit Definition Source bias that occurs when humans are processing and interpreting information ISO IEC TR 24027 2021 en 3 2 4 15 ISO IEC TR 24368 2022 en 3 8 16 Types editBiases can be distinguished on a number of dimensions Examples of cognitive biases include Biases specific to groups such as the risky shift versus biases at the individual level Biases that affect decision making where the desirability of options has to be considered e g sunk costs fallacy Biases such as illusory correlation that affect judgment of how likely something is or whether one thing is the cause of another Biases that affect memory 17 such as consistency bias remembering one s past attitudes and behavior as more similar to one s present attitudes Biases that reflect a subject s motivation 18 for example the desire for a positive self image leading to egocentric bias and the avoidance of unpleasant cognitive dissonance 19 Other biases are due to the particular way the brain perceives forms memories and makes judgments This distinction is sometimes described as hot cognition versus cold cognition as motivated reasoning can involve a state of arousal Among the cold biases some are due to ignoring relevant information e g neglect of probability some involve a decision or judgment being affected by irrelevant information for example the framing effect where the same problem receives different responses depending on how it is described or the distinction bias where choices presented together have different outcomes than those presented separately and others give excessive weight to an unimportant but salient feature of the problem e g anchoring As some biases reflect motivation specifically the motivation to have positive attitudes to oneself 19 It accounts for the fact that many biases are self motivated or self directed e g illusion of asymmetric insight self serving bias There are also biases in how subjects evaluate in groups or out groups evaluating in groups as more diverse and better in many respects even when those groups are arbitrarily defined ingroup bias outgroup homogeneity bias Some cognitive biases belong to the subgroup of attentional biases which refers to paying increased attention to certain stimuli It has been shown for example that people addicted to alcohol and other drugs pay more attention to drug related stimuli Common psychological tests to measure those biases are the Stroop task 20 21 and the dot probe task Individuals susceptibility to some types of cognitive biases can be measured by the Cognitive Reflection Test CRT developed by Shane Frederick 2005 22 23 List of biases edit Main article List of cognitive biases The following is a list of the more commonly studied cognitive biases Name DescriptionFundamental attribution error FAE aka correspondence bias 24 Tendency to overemphasize personality based explanations for behaviors observed in others At the same time individuals under emphasize the role and power of situational influences on the same behavior Edward E Jones and Victor A Harris 1967 25 classic study illustrates the FAE Despite being made aware that the target s speech direction pro Castro anti Castro was assigned to the writer participants ignored the situational pressures and attributed pro Castro attitudes to the writer when the speech represented such attitudes Implicit bias aka implicit stereotype unconscious bias Tendency to attribute positive or negative qualities to a group of individuals It can be fully non factual or be an abusive generalization of a frequent trait in a group to all individuals of that group Priming bias Tendency to be influenced by the first presentation of an issue to create our preconceived idea of it which we then can adjust with later information Confirmation bias Tendency to search for or interpret information in a way that confirms one s preconceptions and discredit information that does not support the initial opinion 26 Related to the concept of cognitive dissonance in that individuals may reduce inconsistency by searching for information which reconfirms their views Jermias 2001 p 146 27 Affinity bias Tendency to be favorably biased toward people most like ourselves 28 Self serving bias Tendency to claim more responsibility for successes than for failures It may also manifest itself as a tendency for people to evaluate ambiguous information in a way beneficial to their interests Belief bias Tendency to evaluate the logical strength of an argument based on current belief and perceived plausibility of the statement s conclusion Framing Tendency to narrow the description of a situation in order to guide to a selected conclusion The same primer can be framed differently and therefore lead to different conclusions Hindsight bias Tendency to view past events as being predictable Also called the I knew it all along effect Embodied cognition Tendency to have selectivity in perception attention decision making and motivation based on the biological state of the body Anchoring bias The inability of people to make appropriate adjustments from a starting point in response to a final answer It can lead people to make sub optimal decisions Anchoring affects decision making in negotiations medical diagnoses and judicial sentencing 29 Status quo bias Tendency to hold to the current situation rather than an alternative situation to avoid risk and loss loss aversion 30 In status quo bias a decision maker has the increased propensity to choose an option because it is the default option or status quo Has been shown to affect various important economic decisions for example a choice of car insurance or electrical service 31 Overconfidence effect Tendency to overly trust one s own capability to make correct decisions People tended to overrate their abilities and skills as decision makers 32 See also the Dunning Kruger effect Physical attractiveness stereotype The tendency to assume people who are physically attractive also possess other desirable personality traits 33 Practical significance editFurther information Confirmation bias Consequences Many social institutions rely on individuals to make rational judgments The securities regulation regime largely assumes that all investors act as perfectly rational persons In truth actual investors face cognitive limitations from biases heuristics and framing effects A fair jury trial for example requires that the jury ignore irrelevant features of the case weigh the relevant features appropriately consider different possibilities open mindedly and resist fallacies such as appeal to emotion The various biases demonstrated in these psychological experiments suggest that people will frequently fail to do all these things 34 However they fail to do so in systematic directional ways that are predictable 4 In some academic disciplines the study of bias is very popular For instance bias is a wide spread and well studied phenomenon because most decisions that concern the minds and hearts of entrepreneurs are computationally intractable 10 Cognitive biases can create other issues that arise in everyday life One study showed the connection between cognitive bias specifically approach bias and inhibitory control on how much unhealthy snack food a person would eat 35 They found that the participants who ate more of the unhealthy snack food tended to have less inhibitory control and more reliance on approach bias Others have also hypothesized that cognitive biases could be linked to various eating disorders and how people view their bodies and their body image 36 37 It has also been argued that cognitive biases can be used in destructive ways 38 Some believe that there are people in authority who use cognitive biases and heuristics in order to manipulate others so that they can reach their end goals Some medications and other health care treatments rely on cognitive biases in order to persuade others who are susceptible to cognitive biases to use their products Many see this as taking advantage of one s natural struggle of judgement and decision making They also believe that it is the government s responsibility to regulate these misleading ads Cognitive biases also seem to play a role in property sale price and value Participants in the experiment were shown a residential property 39 Afterwards they were shown another property that was completely unrelated to the first property They were asked to say what they believed the value and the sale price of the second property would be They found that showing the participants an unrelated property did have an effect on how they valued the second property Cognitive biases can be used in non destructive ways In team science and collective problem solving the superiority bias can be beneficial It leads to a diversity of solutions within a group especially in complex problems by preventing premature consensus on suboptimal solutions This example demonstrates how a cognitive bias typically seen as a hindrance can enhance collective decision making by encouraging a wider exploration of possibilities 40 Reducing editMain articles Cognitive bias mitigation and Cognitive bias modification Because they cause systematic errors cognitive biases cannot be compensated for using a wisdom of the crowd technique of averaging answers from several people 41 Debiasing is the reduction of biases in judgment and decision making through incentives nudges and training Cognitive bias mitigation and cognitive bias modification are forms of debiasing specifically applicable to cognitive biases and their effects Reference class forecasting is a method for systematically debiasing estimates and decisions based on what Daniel Kahneman has dubbed the outside view Similar to Gigerenzer 1996 42 Haselton et al 2005 state the content and direction of cognitive biases are not arbitrary p 730 1 Moreover cognitive biases can be controlled One debiasing technique aims to decrease biases by encouraging individuals to use controlled processing compared to automatic processing 24 In relation to reducing the FAE monetary incentives 43 and informing participants they will be held accountable for their attributions 44 have been linked to the increase of accurate attributions Training has also shown to reduce cognitive bias Carey K Morewedge and colleagues 2015 found that research participants exposed to one shot training interventions such as educational videos and debiasing games that taught mitigating strategies exhibited significant reductions in their commission of six cognitive biases immediately and up to 3 months later 45 Cognitive bias modification refers to the process of modifying cognitive biases in healthy people and also refers to a growing area of psychological non pharmaceutical therapies for anxiety depression and addiction called cognitive bias modification therapy CBMT CBMT is sub group of therapies within a growing area of psychological therapies based on modifying cognitive processes with or without accompanying medication and talk therapy sometimes referred to as applied cognitive processing therapies ACPT Although cognitive bias modification can refer to modifying cognitive processes in healthy individuals CBMT is a growing area of evidence based psychological therapy in which cognitive processes are modified to relieve suffering 46 47 from serious depression 48 anxiety 49 and addiction 50 CBMT techniques are technology assisted therapies that are delivered via a computer with or without clinician support CBM combines evidence and theory from the cognitive model of anxiety 51 cognitive neuroscience 52 and attentional models 53 Cognitive bias modification has also been used to help those with obsessive compulsive beliefs and obsessive compulsive disorder 54 55 This therapy has shown that it decreases the obsessive compulsive beliefs and behaviors Common theoretical causes of some cognitive biases editBias arises from various processes that are sometimes difficult to distinguish These include Bounded rationality limits on optimization and rationality Prospect theory Evolutionary psychology Remnants from evolutionary adaptive mental functions 56 Mental accounting Adaptive bias basing decisions on limited information and biasing them based on the costs of being wrong Attribute substitution making a complex difficult judgment by unconsciously replacing it with an easier judgment 57 Attribution theory Salience Naive realism Cognitive dissonance and related Impression management Self perception theory Information processing shortcuts heuristics 58 including Availability heuristic estimating what is more likely by what is more available in memory which is biased toward vivid unusual or emotionally charged examples 6 Representativeness heuristic judging probabilities based on resemblance 6 Affect heuristic basing a decision on an emotional reaction rather than a calculation of risks and benefits 59 Emotional and moral motivations 60 deriving for example from The two factor theory of emotion The somatic markers hypothesis Introspection illusion Misinterpretations or misuse of statistics innumeracy Social influence 61 The brain s limited information processing capacity 62 Noisy information processing distortions during storage in and retrieval from memory 63 For example a 2012 Psychological Bulletin article suggests that at least eight seemingly unrelated biases can be produced by the same information theoretic generative mechanism 63 The article shows that noisy deviations in the memory based information processes that convert objective evidence observations into subjective estimates decisions can produce regressive conservatism the belief revision Bayesian conservatism illusory correlations illusory superiority better than average effect and worse than average effect subadditivity effect exaggerated expectation overconfidence and the hard easy effect Individual differences in cognitive biases edit nbsp The relation between cognitive bias habit and social convention is still an important issue People do appear to have stable individual differences in their susceptibility to decision biases such as overconfidence temporal discounting and bias blind spot 64 That said these stable levels of bias within individuals are possible to change Participants in experiments who watched training videos and played debiasing games showed medium to large reductions both immediately and up to three months later in the extent to which they exhibited susceptibility to six cognitive biases anchoring bias blind spot confirmation bias fundamental attribution error projection bias and representativeness 65 Individual differences in cognitive bias have also been linked to varying levels of cognitive abilities and functions 66 The Cognitive Reflection Test CRT has been used to help understand the connection between cognitive biases and cognitive ability There have been inconclusive results when using the Cognitive Reflection Test to understand ability However there does seem to be a correlation those who gain a higher score on the Cognitive Reflection Test have higher cognitive ability and rational thinking skills This in turn helps predict the performance on cognitive bias and heuristic tests Those with higher CRT scores tend to be able to answer more correctly on different heuristic and cognitive bias tests and tasks 67 Age is another individual difference that has an effect on one s ability to be susceptible to cognitive bias Older individuals tend to be more susceptible to cognitive biases and have less cognitive flexibility However older individuals were able to decrease their susceptibility to cognitive biases throughout ongoing trials 68 These experiments had both young and older adults complete a framing task Younger adults had more cognitive flexibility than older adults Cognitive flexibility is linked to helping overcome pre existing biases Criticism editCognitive bias theory loses the sight of any distinction between reason and bias If every bias can be seen as a reason and every reason can be seen as a bias then the distinction is lost 69 Criticism against theories of cognitive biases is usually founded in the fact that both sides of a debate often claim the other s thoughts to be subject to human nature and the result of cognitive bias while claiming their own point of view to be above the cognitive bias and the correct way to overcome the issue This rift ties to a more fundamental issue that stems from a lack of consensus in the field thereby creating arguments that can be non falsifiably used to validate any contradicting viewpoint citation needed Gerd Gigerenzer is one of the main opponents to cognitive biases and heuristics 70 71 72 Gigerenzer believes that cognitive biases are not 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 view shines a much more positive light on cognitive biases than many other researchers Many view cognitive biases and heuristics as irrational ways of making decisions and judgements See also edit nbsp Psychology portal nbsp Philosophy portalBaconian method Idols of the mind idola mentis Investigative process Cognitive bias in animals Cognitive bias mitigation Reduction of the negative effects of cognitive biases Cognitive bias modification process of modifying cognitive biases in healthy people or growing area of psychological therapies for cognitive bias modification therapyPages displaying wikidata descriptions as a fallback Cognitive dissonance Stress from contradictory beliefs Cognitive distortion Exaggerated or irrational thought pattern Cognitive inertia Lack of motivation to mentally tackle a problem or issue Cognitive psychology Subdiscipline of psychology Cognitive vulnerability Critical thinking Analysis of facts to form a judgment Cultural cognition Emotional bias distortion in cognition judgement and decision making due to emotional factorsPages displaying wikidata descriptions as a fallback Evolutionary psychology Branch of psychology Expectation bias Cognitive bias of experimental subjectPages displaying short descriptions of redirect targets Fallacy Argument that uses faulty reasoning False consensus effect Attributional type of cognitive bias Halo effect Tendency for positive impressions to contaminate other evaluations Implicit stereotype Unreflected mistaken attributions to and descriptions of social groups Jumping to conclusions Psychological term List of cognitive biases Systematic patterns of deviation from norm or rationality in judgment Magical thinking Belief in the connection of unrelated events Prejudice Attitudes based on preconceived categories Presumption of guilt Presumption that a person is guilty of a crime Rationality Quality of being agreeable to reason Systemic bias Inherent tendency of a process to support particular outcomes Theory ladenness in philosophy of science the degree to which an observation is affected by the theoretical presuppositions held by the investigatorPages displaying wikidata descriptions as a fallbackFurther reading editEiser JR van der Pligt J 1988 Attitudes and Decisions London Routledge ISBN 978 0 415 01112 9 Fine C 2006 A Mind of its Own How your brain distorts and deceives Cambridge UK Icon Books ISBN 1 84046 678 2 Gilovich T 1993 How We Know What Isn t So The Fallibility of Human Reason in Everyday Life New York Free Press ISBN 0 02 911706 2 Haselton MG Nettle D Andrews PW 2005 The evolution of cognitive bias PDF In Buss DM ed Handbook of Evolutionary Psychology Hoboken Wiley pp 724 746 Heuer RJ Jr 1999 Psychology of Intelligence Analysis Central Intelligence Agency Kahneman D 2011 Thinking Fast and Slow New York Farrar Straus and Giroux ISBN 978 0 374 27563 1 Kahneman D 2022 Noise A Flaw in Human Judgment Little Brown and Company ISBN 978 0316451390 Kida T 2006 Don t Believe Everything You Think The 6 Basic Mistakes We Make in Thinking New York Prometheus ISBN 978 1 59102 408 8 Krueger JI Funder DC June 2004 Towards a balanced social psychology causes consequences and cures for the problem seeking approach to social behavior and cognition The Behavioral and Brain Sciences 27 3 313 27 discussion 328 76 doi 10 1017 s0140525x04000081 PMID 15736870 S2CID 6260477 Nisbett R Ross L 1980 Human Inference Strategies and shortcomings of human judgement Englewood Cliffs NJ Prentice Hall ISBN 978 0 13 445130 5 Piatelli Palmarini M 1994 Inevitable Illusions How Mistakes of Reason Rule Our Minds New York John Wiley amp Sons ISBN 0 471 15962 X Stanovich K 2009 What Intelligence Tests Miss The Psychology of Rational Thought New Haven CT Yale University Press ISBN 978 0 300 12385 2 Tavris C Aronson E 2007 Mistakes Were Made But Not by Me Why We Justify Foolish Beliefs Bad Decisions and Hurtful Acts Orlando Florida Harcourt Books ISBN 978 0 15 101098 1 Young S 2007 Micromessaging Why Great Leadership Is Beyond Words New York McGraw Hill ISBN 978 0 07 146757 5 References edit a b c Haselton MG Nettle D Andrews PW 2005 The evolution of cognitive bias In Buss DM ed The Handbook of Evolutionary Psychology Hoboken NJ US John Wiley amp Sons Inc pp 724 746 Kahneman D Tversky A 1972 Subjective probability A judgment of representativeness PDF Cognitive Psychology 3 3 430 454 doi 10 1016 0010 0285 72 90016 3 Archived from the original PDF on 2019 12 14 Retrieved 2017 04 01 Baron J 2007 Thinking and Deciding 4th ed New York NY Cambridge University Press a b Ariely D 2008 Predictably Irrational The Hidden Forces That Shape Our Decisions New York NY HarperCollins ISBN 978 0 06 135323 9 For instance Gigerenzer G Goldstein DG October 1996 Reasoning the fast and frugal way models of bounded rationality PDF Psychological Review 103 4 650 69 CiteSeerX 10 1 1 174 4404 doi 10 1037 0033 295X 103 4 650 hdl 21 11116 0000 0000 B771 2 PMID 8888650 a b c d Tversky A Kahneman D September 1974 Judgment under Uncertainty Heuristics and Biases Science 185 4157 1124 31 Bibcode 1974Sci 185 1124T doi 10 1126 science 185 4157 1124 PMID 17835457 S2CID 143452957 Bless H Fiedler K Strack F 2004 Social cognition How individuals construct social reality Hove and New York Psychology Press Morewedge CK Kahneman D October 2010 Associative processes in intuitive judgment Trends in Cognitive Sciences 14 10 435 40 doi 10 1016 j tics 2010 07 004 PMC 5378157 PMID 20696611 Kahneman D Tversky A July 1996 On the reality of cognitive illusions PDF Psychological Review 103 3 582 91 discussion 592 6 CiteSeerX 10 1 1 174 5117 doi 10 1037 0033 295X 103 3 582 PMID 8759048 a b Zhang SX Cueto J 2015 The Study of Bias in Entrepreneurship Entrepreneurship Theory and Practice 41 3 419 454 doi 10 1111 etap 12212 S2CID 146617323 Kahneman D Frederick S 2002 Representativeness Revisited Attribute Substitution in Intuitive Judgment In Gilovich T Griffin DW Kahneman D eds Heuristics and Biases The Psychology of Intuitive Judgment Cambridge Cambridge University Press pp 51 52 ISBN 978 0 521 79679 8 a b Baumeister RF Bushman BJ 2010 Social psychology and human nature International Edition Belmont US Wadsworth p 141 Tversky A Kahneman D 1983 Extensional versus intuitive reasoning The conjunction fallacy in probability judgement PDF Psychological Review 90 4 293 315 doi 10 1037 0033 295X 90 4 293 Archived PDF from the original on 2007 09 28 Gigerenzer G 2006 Bounded and Rational In Stainton RJ ed Contemporary Debates in Cognitive Science Blackwell p 129 ISBN 978 1 4051 1304 5 3 2 4 ISO IEC TR 24027 2021 Information technology Artificial intelligence AI Bias in AI systems and AI aided decision making ISO 2021 Retrieved 21 June 2023 3 8 ISO IEC TR 24368 2022 Information technology Artificial intelligence Overview of ethical and societal concerns ISO 2022 Retrieved 21 June 2023 Schacter DL March 1999 The seven sins of memory Insights from psychology and cognitive neuroscience The American Psychologist 54 3 182 203 doi 10 1037 0003 066X 54 3 182 PMID 10199218 S2CID 14882268 Kunda Z November 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mnsc 2014 2096 Morewedge CK Yoon H Scopelliti I Symborski CW Korris JH Kassam KS 2015 10 01 Debiasing Decisions Improved Decision Making With a Single Training Intervention PDF Policy Insights from the Behavioral and Brain Sciences 2 1 129 140 doi 10 1177 2372732215600886 ISSN 2372 7322 S2CID 4848978 Vartanian O Beatty EL Smith I Blackler K Lam Q Forbes S De Neys W July 2018 The Reflective Mind Examining Individual Differences in Susceptibility to Base Rate Neglect with fMRI Journal of Cognitive Neuroscience 30 7 1011 1022 doi 10 1162 jocn a 01264 PMID 29668391 S2CID 4933030 Toplak ME West RF Stanovich KE October 2011 The Cognitive Reflection Test as a predictor of performance on heuristics and biases tasks Memory amp Cognition 39 7 1275 89 doi 10 3758 s13421 011 0104 1 PMID 21541821 Wilson CG Nusbaum AT Whitney P Hinson JM August 2018 Age differences in cognitive flexibility when overcoming a preexisting bias through feedback Journal of Clinical and Experimental Neuropsychology 40 6 586 594 doi 10 1080 13803395 2017 1398311 PMID 29161963 S2CID 13372385 Kahneman s Fallacies Thinking Fast amp Slow Wenglinsky Review 2017 01 23 Retrieved 2023 11 19 Clavien C 2010 Gerd Gigerenzer Gut Feelings Short Cuts to Better Decision Making Penguin Books 2008 1st ed 2007 8 99 paperback ISBN 13 978 0141015910 Ethical Theory and Moral Practice 13 1 113 115 doi 10 1007 s10677 009 9172 8 ISSN 1386 2820 S2CID 8097667 Gigerenzer G 2000 Adaptive thinking rationality in the real world Oxford Oxford Univ Press ISBN 978 0 19 803117 8 OCLC 352897263 Gigerenzer G 1999 Simple heuristics that make us smart Todd Peter M ABC Research Group New York Oxford University Press ISBN 0 585 35863 X OCLC 47009468 External links edit nbsp Media related to Cognitive biases at Wikimedia Commons nbsp Quotations related to Cognitive bias at Wikiquote The Roots of Consciousness To Err Is human Cognitive bias in the financial arena archived 20 June 2006 A Visual Study Guide To Cognitive Biases Retrieved from https en wikipedia org w index php title Cognitive bias amp oldid 1193674920, wikipedia, wiki, book, books, library,

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