The first cognitive bias that we will review in the series “Outsmart Your Biases” is the Confirmation Bias, that is, the tendency to search for, interpret and recall information in a way that confirms our opinion, and neglect information that contradicts it.
Confirmation bias is one of the most common biases that have direct consequences on our personal life and professional career. The examples are endless. We often seek information to prove that our political party is right. When we like a person, we don’t want to see her character flaws. To prove the validity of our proposed strategy we search on google for “Is the [proposed strategy] better than [opposite strategy]?”. In a job interview, we frame our questions in a way to confirm our beliefs or our first impression of the candidate. etc… Try to figure out in which decision you were prone to it.
Jeff Bezos about today’s internet: “a Confirmation Bias Machine”.
To outsmart your confirmation bias, you may use the following tricks:
Ask for an outside view of the topic at hand and seek criticism.
Search for the pros and cons of the different options.
Suppose the opposite: be the devil’s advocate.
Such debiasing strategies can be performed in brainstorming format, in informal discussion, etc.
Do you think you are rational? Are you sure that you often make the best decision? Do you feel that your reasoning is superior to that of others? Do you regret some acts and wish you had thought more before committing them? You are, like all human beings, a victim of your cognitive biases.
What is cognitive bias?
Cognition is the mental process of understanding and acquiring knowledge. Cognitive bias is an unconscious cognitive process in human psychology that makes us prone to errors in our reasoning and judgment. It is the gap between rational thinking and our actual way of thinking.
There exists a lot of biases that affect our interaction with the world; we seek pattern in everything even if there is none, we confuse correlation with causality, we hire people who are similar to us, we don’t react the same way to the same information if framed differently, we don’t understand why the opposite side don’t see the ‘truth’, we overestimate our knowledge, etc.
Cognitive biases are an important cause of many catastrophes and tragedies in business, politics, relationships and everyday life. Outsmarting our cognitive biases is key to good decision making and critical thinking.
A New Blog Post Series “Outsmart your Biases”
Outsmart your biases is a forthcoming series of posts that will discuss some of the major cognitive biases, illustrated with examples; the confirmation bias, the availability heuristic, the Dunning-Kruger effect, the planning fallacy, the halo effect and more. In this series, you will find mental tricks and processes that you can use to outsmart these biases and become a better decision-maker. Stay tuned!