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Cognitive Biases Quick Reference For Decision Making Textbook

A free, self-paced textbook in 8 chapters. Read a chapter, then drill it with the 231 companion flashcards using spaced repetition.

8 chapters · 231 cards · Updated

Chapters

  1. 1Foundations: What Cognitive Biases Are

    Cognitive biases are systematic patterns of deviation from rationality that influence how people perceive, judge, remember, and decide. Rather than occasional mistakes, they are pr...

  2. 2Information Processing and Judgment

    A large family of biases arises from how the mind handles incoming information. Confirmation bias leads people to search for, interpret, and recall evidence that supports existing...

  3. 3Probability, Statistics, and Pattern Recognition

    A distinctive cluster of biases arises from misapplication of statistical reasoning. The gambler's fallacy holds that past random events affect future ones, so five reds in a row m...

  4. 4Self, Identity, and Ownership Biases

    A second family of biases concerns how people see themselves and what they own. The Dunning-Kruger effect, named for Kruger and Dunning's 1999 Cornell studies on logic, grammar, an...

  5. 5Social Influence and Group Dynamics

    People do not decide in isolation. The bandwagon effect is the tendency to adopt beliefs or behaviors because many others have, social proof taken to an extreme. The false consensu...

  6. 6Decision-Making Errors in Choices and Outcomes

    Even when information is adequate, the act of choosing introduces its own distortions. The sunk cost fallacy drives people to continue failing projects because of past investment r...

  7. 7Memory, Recall, and Temporal Biases

    Memory is not a recording but a reconstruction, and reconstruction is biased in predictable ways. Recency bias overweights recent events when forming judgments, while the primacy e...

  8. 8Debiasing Strategies and Practical Tools

    Because biases are universal and not eliminable by willpower alone, the most effective remedies are systematic processes. The simplest is to slow down for high-stakes decisions, de...

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