deepstash

Beta

deepstash

Beta

Liza Mills

@lizamm0

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 world. These biases ultimately affect your relationships, work, and worldview.

144 SAVES

372 READS

IDEA EXTRACTED FROM:

7 Overlooked Biases That Creep Into Your Work (And Undermine Its Success)

blog.trello.com

TOPICS IN THIS IDEA

Self Improvement

6 Cognitive Biases That Are Messing Up Your Decision Making

Over millions of years of evolution you'd think your brain would have gotten pretty good at thinking. But the truth is natural selection hasn't been nudging our brains to be ever more rational. It's been nudging them to keep us alive. Those aren't always the same thing.

inc.com

Confirmation bias

People don't like to rethink their beliefs once they are formed.

We would rather ignore information that would challenge our ideas than engage with threatening new information. This is ...

Availability heuristic

Our brain likes to take shortcuts to solve a problem when normal methods are too slow to find a solution.

The problem with this approach is that frightening events are easier to recall than every-day events. We should be aware that alarmist news broadcasts don't help in an accurate sense of events.

Anchoring

We have a tendency to stubbornly hold on to a number once we hear it and gauge all other numbers based on the initial number, even if the information is not that relevant.

For example, if customers are limited to 'four per customer' they are more likely to buy four, even if they did not initially intend to do so.

3 more ideas

Aarna Agarwal

@aarnaa

Cognitive Bias: How Your Mind Plays Tricks on You and How to Overcome That

Last year, your company rolled out a new product. It hasn't gained any traction. And yet, you're still putting time, money, and sweat into the failing proposition. "We can't quit now. We've already invested so much." Welcome to the fascinating and frustrating world of cognitive bias...

zapier.com

Cognitive biases

...are common thinking errors that harm our rational decision-making.

We don't always see things as they are. We don't simply glean information through the senses and act on it; inste...

Optimism Bias

Is our tendency to overestimate the odds of our own success compared to other people's.

Overly optimistic predictions can be dangerous, leading us to waste time and resources pursuing unrealistic goals. In the real world of business, things don't always work out for the best, and it serves us well to know when conditions are not on our side.

How to control the optimism bias

Be skeptical of your own rosy expectations for your work.
Assume projects will be more difficult and more expensive than you initially think they will.
Don't trust your good ideas to manifest through positive thinking - be ready to fight for them.
Trust the numbers. Numbers are firm but fair, and getting intimate with your business's cash flow can help you make more rational decisions.

7 more ideas

Hassan Aziz

@hassana

5 Common Mental Errors That Sway Your Decision Making

I like to think of myself as a rational person, but I'm not one. The good news is it's not just me - or you. We are all irrational, and we all make mental errors. For a long time, researchers and economists believed that humans made logical, well-considered decisions.

jamesclear.com

Survivorship bias refers to our tendency to focus on the winners while completely forgetting about the losers who are employing the same strategy.

Loss aversion refers to our tendency to strongly prefer avoiding losses over acquiring gains.

Availability Heuristic appears when we assume that the examples coming to mind easily are the most prevalent.

one more idea

deepstash

helps you become inspired, wiser and productive, through bite-sized ideas from the best articles, books and videos out there.

Over 2M Installs

4.75 App Score

Deepstash is better on the app. Discover new ideas and get inspired daily.