Confirmation Bias and the 7 Sins of Lazy Thinking - [Cognitive Biases pt. 3]

7 ways we are wired to be really dumb + How to become rational

Today's episode covers 7 perception and decision-based cognitive biases that cloud our judgement.

• Confirmation Bias and NASA
• Availability Bias and Tornadoes
• Neglect of Probability Bias and Gambling
• [Bonus] - Black vs White Swan events and how to avoid being wiped out
• Hindsight Bias and Dua Lipa
• Outcome Bias and being Right when we were Wrong
• Paradox of Choice Bias and the depressing nature of optionality
• How the Time Discounting Bias causes Climate Change

Give it a listen and unmuddy the waters of your mind to become a more rational and clearer thinker.

Further reading:

• Thinking Fast and Slow - Daniel Kahneman - UK Book - US Book
• Predictably Irrational - Dan Ariely - UK Book - US Book

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Chapters

00:00 The Confirmation Bias

04:13 The Availability Bias

07:07 The Neglect of Probability Bias

09:11 Black Swan vs. White Swan Events

10:59 The Hindsight Bias

13:46 The Outcome Bias

16:10 The Paradox of Choice Bias

18:52 The Time Discounting Bias

21:06 Becoming More Rational Thinkers

22:06 Wrap Up

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