The root causes of our irrationality - Deepstash

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The root causes of our irrationality

When we assess ourselves for biases, we tend to engage in elaborate introspection. The problem with the introspection approach is that the driving forces behind biases remain largely invisible to self-analysis and t is also impermeable to intelligence.

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We’re not nearly as rational as we like to believe. When we face an uncertain situation, we fail to evaluate the information or to look up relevant statistics carefully.
Instead, we depend on our mental shortcuts which may lead us to make rash decisions.

We often assume that intelligence guards against bias. Its why those with higher S.A.T. scores think they are less likely to make universal thinking mistakes.

However, smarter people are more vulnerable to these thinking errors.

  • People who are aware of their own biases are not better able to overcome them. Our intuitive thinking is just as prone to overconfidence, extreme predictions, and the planning fallacy.
  • According to scientists, intelligent people have a larger bias blind spot. They ...

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Intelligent people have a reputation for making dumb mistakes, especially in situations that require common sense. The simplicity of these situations and the abundant intelligence of those who tend to muck them up can be downright comical.

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"A high IQ is like height in a basketball player," says David Perkins, who studies thinking and reasoning skills at Harvard Graduate School of Education in Cambridge, Massachusetts. "It is very important, all other things being equal. But all other things aren't equal. There's a lot more to being...

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Biases...

... specifically cognitive biases, are your unchecked tendencies to make decisions or take actions in an irrational way. 

Instead of making decisions based on facts and data, you are more prone to base your decisions on unconscious errors that lead to a distorted judgment of the worl...

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