🐰💬 Don't trust your brain! 4 "Thought bias."
That makes you miss decisions all the time. 🧠⚡
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Our brains are not designed to "think 100% rationally."
But it was created to survive quickly. → This is the cause of Cognitive Bias, which makes the wrong decisions.
📌 Daniel Kahneman says that people often use System 1 rather than logical thinking, so it is full of unconscious biases.
📌 Harvard Business Review points out that these Bias affect investing, doing business, and even choosing career paths.
📌 Psychology Today adds that "knowingly" prejudice is the first step to help us make better decisions.
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👉 4 common thought biases:
1️⃣ Confirmation Bias - Often find evidence that "sides with what is believed" rather than listening to different angles → makes us look at the world narrowly.
2️⃣ Anchoring Bias - Adhere to the first information found, such as the first sight price → misvalue
3️⃣ Overconfidence Bias - Think of Yourself Knowing / Better Than It Really Is → Risk Missing Decisions Because of Overconfidence
4️⃣ Loss Aversion - Fear of loss rather than happiness to get → So dare not try something new. Both the opportunities may be bigger.
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So the "biggest enemy" is not our competitors, but our brains.
If you want to make sharper decisions, start with these prejudices.
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Source: Daniel Kahneman - Thinking, Fast and Slow, Harvard Business Review - Beware the Biases That Skew Your Decision Making, Psychology Today - Cognitive Biases in Everyday Life
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