Cognitive Biases Flashcards

1
Q

Placebo effect

A

If you believe you are taking medicine it can sometimes work even if it’s fake.

The placebo effect can work for stuff that our mind influences (such as pain) but not so much for things like viruses or broken bones. Keep a healthy body and bank balance by using evidence-based medicine from a qualified doctor.

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2
Q

Groupthink

A

You let the social dynamics of a group situation override (predominar sobre) the best outcome.

Dissent can be uncomfortable and dangerous to one’s social standing, and so often the most confident or first voice will determine group decisions.

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3
Q

Pessimism bias

A

You overestimate the likelihood of negative outcomes.

Pessimism is often a defense mechanism against disappointment. Perhaps the worst aspect of pessimism is that even if something good happens, you’ll probably feel pessimistic about it anyway.

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4
Q

Sunk cost fallacy

A

You irrationally cling to things that have already cost you something.

When we’ve invested our time, money, or emotion into something, it hurts to let it go. Ask yourself: had I not already invested something, would I still do so now?

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5
Q

Curse knowledge

A

Once you understand something you presume it to be obvious.

When teaching someone something new, go slow and explain like they are ten years old (without being patronizing). Repeat key points and facilitate active practice to help embed knowledge.

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6
Q

In-group bias

A

You unfairly favor those who belong to your group.

We presume that we are fair and impartial, but the truth is that we automatically favor those who are most like us, or belong to our groups. Try to compensate by imagining strangers to be family.

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7
Q

Confirmation bias

A

You favor things that confirm my existing beliefs.

We are primed to see and agree with ideas that fit our preconceptions, and to ignore and dismiss information that conflicts with them.

“The first principle is that you must not fool yourself-and you are the easiest person to fool” Richard Feynman.

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8
Q

Availability heuristic

A

Your judgements are influenced by what springs most easily to mind.

How recent, emotionally powerful, or unusual your memories are can make them see more relevant. This, in turn, can cause you to apply them too readily. Try to gain different perspectives and source statistical information.

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9
Q

Self-serving bias

A

You believe your failures are due to external factors, yet you are personally responsible for your successes.

Many of us enjoy privileges, luck and advantages that others do not. It’s easy to tell ourselves that we deserve things, whilst blaming circumstances when things don’t go our way.

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10
Q

Halo effect

A

How much you like someone, or how attractive they are, influences your other judgements of them.

If you notice that you are giving consistently high or low marks across the board, it’s worth considering that your judgement may be suffering from the halo effect.

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11
Q

Reactance

A

You would rather do the opposite of what someone is trying to make you do.

When we feel our liberty is being constrained, our inclination is to resist, however in doing so we can over-compensate. Wisdom springs from reflection, folly from reaction.

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12
Q

Bystander effect

A

You presume someone else is going to do something in an emergency situation.

When something terrible is happening in a public setting we can experience a kind of shock and mental paralysis. Presume to be the one who will help.

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13
Q

Optimism bias

A

You overestimate the likelihood of positive outcomes.

There can be benefits to a positive attitude, but it’s unwise to allow this to affect our ability to be realistic. If you make rational judgements you’ll have a lot more to feel positive about.

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14
Q

Negativity bias

A

You allow negative things to disproportionately influence your thinking.

The pain of loss and hurt are felt more keenly and persistently than the gratification of pleasant things. We are primed for survival, and our aversion to pain can distort our judgement for a modern world.

Prime = preparados

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15
Q

Just world hypothesis

A

Your preference for a just world makes you presume that it exists.

A world in which people don’t always get what they deserve is an uncomfortable one that threatens our preferred narrative. Try to remember that we are all fallible and bad things happen to good people.

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16
Q

Belief bias

A

If a conclusion supports your existing beliefs, you will rationalize (cause something to seem reasonable) anything that supports it.

It’s difficult for us to set aside our existing beliefs to consider the true merits of an argument. In practice this means that our ideas become impervious to criticism, and are perpetually reinforced.

17
Q

Spotlight effect

A

You overestimate how much people notice how you look and act.

Instead of worrying about how you are being judged, consider how you make others feel. They’ll remember this much more, and you’ll make the world a better place.

18
Q

Fundamental attribution error

A

You judge others on their character, but yourself on the situation.

It’s not only kind to view other’s situations with charity, it’s more objective too. Be mindful to also err on the side of taking personal responsibility rather than justifying and blaming.

19
Q

Dunning-Kruger effect

A

The more you know the less confident you are likely to be.

Because experts know just how much they don’t know, they tend to underestimate their ability; but it is easy to be over-confident when you have only a simple idea of how things are.

20
Q

Declinism

A

You remember the past as better than it was, and expect the future to be worse than it will likely be.

Despite living in the most prosperous time and peaceful time in history, many people believe things are getting worse. Use metrics such as life expectancy, levels of crime and violence, and prosperity statistics.

21
Q

Framing effect

A

You allow yourself to be unduly (excesivamente) influenced by context and delivery.

Only when we have the intellectual humility to accept the fact that we can be manipulated, can we hope to limit how much we are. Try to be mindful of how things are being put to you.

22
Q

Anchoring

A

The first thing you judge influences your judgement of all that follows.

Human minds are associative in nature, so the order in which we receive information helps determine the course of our judgements and perceptions. Be especially mindful of this bias during negotiations.

23
Q

Backfire effect

A

When your core beliefs are challenged, it can cause you to believe even more strongly.

We can experience being wrong about some ideas as an attack upon our very selves, or our tribal identity. This can lead to motivated reasoning which causes us to double-down, despite disconfirming evidence.

24
Q

Barnum effect

A

You see personal specifics in vague statements by filling the gaps.

Psychics, astrologers and others use this bias to make it seem like they are telling you something relevant. Consider how things might be interpreted to apply to anyone, not just you.

25
Q

Hindsight bias

A

Tendency to imagine that events in the past were kore predictable than they actually were. It’s the thinking that goes along the lines In should have known that…’