Cognitive biases or mental blindspots are dangerous judgment errors that result in poor strategic and financial decisions. They render leaders unable to resist following their gut instead of relying on best practices.

One of these biases is called functional fixedness. When we have a ...

When our heuristics make us do unreasonable things and ignore obvious dangers, it is termed as a cognitive bias, a systematic error that is based out of our unawareness.

These systematic thinking patterns form the mental models that make us perform automated functions, and...

When we see someone else do something, we sometimes think we could do better, and probably recognized the food taste in a more objective way. The problem is that most of us are suffering from various biases, like the common bias blind spot: We think we are less biased than others.