5 Cognitive Biases That Prevent You From Making Rational Decisions

You surely see yourself as a sound and rational decision-maker. Just like the rest of us, you put a lot of thought into every choice you make. From what you are wearing today, the car you drive up to your girlfriend or boyfriend, you think that you think everything well through before taking an action into consideration. What if I tell you, that your decisions aren’t as rational as you think?

1. Blind Spot Bias


We as human being  often fail to recognize our own mistakes and biases. In fact, we are faster in recognizing mistakes and biases in others than in ourselves. When people criticize your behavior, don’t get mad at them, but take it as an opportunity do analyse your own behavior and maybe evolve personally. They might be right.

2. Confirmation Bias


We tend to listen only to information that support our decisions and beliefs. Some people even go as far as to seek people who agree with them, just to justify their irrational decisions. Don’t let your emotions get the better of you. Evaluate your claims with facts and nor emotions.

3. Outcome Bias


This happens when you judge a decision based on its result, instead of how exactly the decision came into existence. Risking your whole savings in a casino and win, doesn’t make your initial decision to gamble smart at all. Just because you were lucky enough to get a good outcome out of a stupid decision, it doesn’t mean that fate will be rooting for your good luck a second time.

4. Stereotyping 


Have you ever expected someone or a group of people, to display certain kind of qualities, without having actual information about them or knowing them? Stereotyping enables us to categorize strangers as friends or foes, but sometimes it is better if we think for ourselves, instead of letting our instincts do the work.

5. Bandwagon Effect


It may be that you have adopted irrational ideologies, opinions and behavior. The funny thing about it is that you most probably don’t even know it. People tend to adopt beliefs and other people’s opinions based on the number of people who hold those beliefs. That is why, whenever everyone has the same opinion, take a minute for yourself to be sure if the idea is really that great or the whole group is just being a victim of a biased groupthink.

Calvino Miguel

Successfield co-founder

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(Successfield co-founder)

Successfield co-founder

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