Decision Making and Cognitive Bias Over the past 40 years, - TopicsExpress

Decision Making and Cognitive Bias Over the past 40 years, cognitive science has discovered a series of common blind spots in human decision-making. Our reasoning and intuitions are extremely powerful and useful. But now it is known that numerous cognitive biases are built right into the structure of human minds. Cognitive biases can prevent you from achieving the goals you care about. They can cause you to spend money that you later realize was wasted, or choose a career or romantic partner that you regret. When politicians and business leaders make decisions due to deeply ingrained cognitive biases, they can steer entire companies or countries towards outcomes that are later acknowledged to be disastrous, and which negatively impact the lives of millions of people.

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