50 Cognitive Biases to be aware of so you can be the very best version of you

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https://youtu.be/lbH6FH6AL2k

Cognitive biases are shortcuts your mind uses when you need to make a decision quickly. They can cause you to act against your best interests or the most logical option.

In the past, they helped humans to survive. Nowadays, however, they can be a burden in day-to-day life, affecting your decision-making.

It's therefore important for people to understand what they are and how to recognise them. This can help people to avoid falling into them.

Elon Musk shared this view on Twitter, garnering over 64,000 retweets and 315,000 likes.

They "should be taught to all at a young age," he wrote, attaching an image of an infographic that lists the "50 cognitive biases to be aware of so you can be the very best version of you."

The infographic is taken from TitleMax, which published it around two years ago.

"Knowing about this list of biases can help you make more informed decisions and realise when you're way off the mark," TitleMax explained.

  1. Fundamental Attribution Error: We judge others on their personality or fundamental character, but we judge ourselves on the situation.
  2. Self-Serving Bias: Our failures are situational, but our successes are our responsibility.
  3. In-Group Favoritism: We favour people who are in our in-group as opposed to an out-group.
  4. Bandwagon Effect: Ideas, fads, and beliefs grow as more people adopt them.
  5. Groupthink: Due to a desire for conformity and harmony in the group, we make irrational decisions, often to minimise conflict.
  6. Halo Effect: If you see a person as having a positive trait, that positive impression will spill over into their other traits. (This also works for negative traits.)
  7. Moral Luck: Better moral standing happens due to a positive outcome; worse moral standing happens due to a negative outcome.