We are going to be explaining 12 cognitive biases in this video and presenting them in a format that you can easily understand to help you make better decision in your life.
Cognitive biases are flaws in logical thinking that clear the path to bad decisions, so learning about these ideas can reduce errors in your thought process, leading to a more successful life.
These biases are very closely related to logical fallacies, which may help you win an argument or present information better.
00:00 | Intro
00:18 | Anchoring Bias: 1st information disproportionately influence later jugements. Related to contrast effect
01:22 | Availability Bias: Focusing on what you know / what is shown. Lack of perspective
02:22 | Bandwagon Effect: Aka group thinking. Doing like the others, social pressure
03:09 | Choice Supportive Bias: A choice unknowingly becomes cue of superiority and feed filtering effects. Fanboys, religion, partisanism
03:50 | Confirmation Bias: Only searching for proofs aligned with point of view. Misinterpret contradictory evidences to support current world view
04:30 | Ostrich Bias: Ignore or rationalize negative information
05:20 | Outcome Bias: Base the effectiveness of a decision on its outcome, neglecting other factors. Basis for superstition.
06:12 | Overconfidence: Stop making decision based on facts after a series of successes06:52 | Placebo Effect: The belief of an outcome improves its likeness.
07:44 | Survivorship Bias (Only taking into account the positive outcomes, which gives irrelevant correlations
08:32 | Selective Perception: Ostrich + Confirmation combined?09:08 | Blindspot Bias: Thinking that we are less biased than the next folk