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Confirmation Bias and the 7 Sins of Lazy Thinking - [Cognitive Biases pt. 3]
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7 ways we are wired to be really dumb + How to become rational
Today's episode covers 7 perception and decision-based cognitive biases that cloud our judgement.
Confirmation Bias and NASA
Availability Bias and Tornadoes
Neglect of Probability Bias and Gambling
[Bonus] - Black vs White Swan events and how to avoid being wiped out
Hindsight Bias and Dua Lipa
Outcome Bias and being Right when we were Wrong
Paradox of Choice Bias and the depressing nature of optionality
How the Time Discounting Bias causes Climate Change
Give it a listen and unmuddy the waters of your mind to become a more rational and clearer thinker.
Further reading:
Thinking Fast and Slow - Daniel Kahneman - UK Book - US Book
Predictably Irrational - Dan Ariely - UK Book - US Book
Further Listening
Enjoyed this episode? Check out the rest of the Cognitive Ciases series:
Ego Blindspots: 9 Cognitive Biases to Avoid - [May 7th]
Human Nature vs. Money: Battling Irrationality & Thinking Traps [May 19th]
[YOU ARE HERE] - Confirmation Bias
Reality Distortion: The 7 Illusions of Perception Impact Everyone - [June 18th]
Cognitive Rigidity: How Einstein Overcame the 5 Biases that Keep Us Stuck - [June 19th]
Thinking Fast and Slow: How to Make Better Decisions - [July 12th]
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Chapters
00:00 The Confirmation Bias
04:13 The Availability Bias
07:07 The Neglect of Probability Bias
09:11 Black Swan vs. White Swan Events
10:59 The Hindsight Bias
13:46 The Outcome Bias
16:10 The Paradox of Choice Bias
18:52 The Time Discounting Bias
21:06 Becoming More Rational Thinkers
22:06 Wrap Up
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