Cognitive bias | Wikipedia audio article
Channel: wikipedia tts
Date: 04/10/2019

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Cognitive_bias


00:01:34 1 Overview
00:04:07 2 Types
00:07:09 2.1 List of biases
00:07:24 3 Practical significance
00:08:53 4 Reducing
00:11:52 5 Common theoretical causes of some cognitive biases
00:14:33 6 Individual differences in decision-making biases
00:15:26 7 Criticisms



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- Socrates


SUMMARY
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A cognitive bias is a systematic pattern of deviation from norm or rationality in judgment. Individuals create their own "subjective social reality" from their perception of the input. An individual's construction of social reality, not the objective input, may dictate their behaviour in the social world. Thus, cognitive biases may sometimes lead to perceptual distortion, inaccurate judgment, illogical interpretation, or what is broadly called irrationality.Some cognitive biases are presumably adaptive. Cognitive biases may lead to more effective actions in a given context. Furthermore, allowing cognitive biases enable faster decisions which can be desirable when timeliness is more valuable than accuracy, as illustrated in heuristics. Other cognitive biases are a "by-product" of human processing limitations, resulting from a lack of appropriate mental mechanisms (bounded rationality), or simply from a limited capacity for information processing.A continually evolving list of cognitive biases has been identified over the last six decades of research on human judgment and decision-making in cognitive science, social psychology, and behavioral economics. Kahneman and Tversky (1996) argue that cognitive biases have efficient practical implications for areas including clinical judgment, entrepreneurship, finance, and management.