Careers Flashcards
What are cognitive biases?
A cognitive bias is a systematic pattern of deviation from norm or rationality in judgment. 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 behaviour in the world.
What is the bias blind spot?
The tendency to see yourself as less biased than others.
What is the confirmation bias?
A confirmation bias is a type of cognitive bias that involves favoring information that confirms your previously existing beliefs or biases.
What is the anchoring effect?
Anchoring is a cognitive bias where an individual depends too heavily on an initial piece of information offered when making decisions. Anchoring occurs when, during decision making, an individual depends on an initial piece of information to make subsequent judgments.
What is the framing effect?
The framing effect is a cognitive bias where people decide on options based on whether the options are presented with positive or negative connotations; e.g. as a loss or as a gain. People tend to avoid risk when a positive frame is presented but seek risks when a negative frame is presented.
