Why You Make Bad Decisions: Confirmation Bias and the 7 Sins of Lazy Thinking [Cognitive Biases #4]

How to make smarter decisions that improve your life by understanding your mind and it's hidden psychology.

We are all storytelling creatures, desperate to fit the world into a narrative that makes sense to us. Thus, we build echo chambers not because we are stupid, but because we are afraid.

The Confirmation Bias is a shield against the discomfort of being wrong. The Availability Bias shapes our worldview based on the loudest stories, not the most important facts.

This episode reviews 7 cognitive biases the explore the friction between what is comfortable and what is true. Learning helps us build tools for the art of long-term thinking in a short-term world.

• Audit your inputs: Step outside your algorithmic feed to find the friction of opposing views.

• Reframe the risk: Turn "Black Swan" surprises into "White Swan" predictions by analyzing the unsexy data.

• Choose commitment: Overcome the paralysis of infinite choice by making a "good enough" decision and sticking to it.

Go make a ruckus by choosing to think clearly today.

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CHAPTERS

00:00 The Confirmation Bias

04:14 The Availability Bias

07:08 The Neglect of Probability Bias

09:12 Black Swan vs. White Swan Events

11:00 The Hindsight Bias

13:47 The Outcome Bias

16:15 The Paradox of Choice Bias

18:56 The Time Discounting Bias

21:10 Becoming More Rational Thinkers

22:14 Wrap Up

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