The human mind is powerful, but it has limitations. Cognitive biases are systematic errors in thinking that occur when people are processing information. They affect our judgements and the decisions that we make. Being aware of our cognitive biases is the first step in managing them, so we can think and work better.
You may have noticed that if someone pushes you to do something, it often makes you feel less inclined to do it. This is a phenomenon known as psychological reactance: a reflex reaction to being told what to do, or feeling that your freedom is under threat. It can occur in personal, professional or social … Read More
Cognitive distortions are thought patterns that can affect our perception of reality. One such distortion is emotional reasoning. This is a thought pattern in which our emotional reactions, or our feelings, lead us to believe that something is true even when the empirical evidence tells us otherwise. Emotional reasoning is very common in the workplace. … Read More
Gratitude is an efficient way to increase the appreciation we have for the things that we could otherwise take for granted. Practising gratitude might make us feel more thankful for the circumstances we find ourselves in, such as where we live, the work we do, the people we have in our lives, and the gifts … Read More
Do you tend to focus on negative details? Mental filtering is a cognitive distortion that leads us to magnify the negative details of a situation, while filtering out the positives. Also known as selective abstraction, this bias for dwelling on your shortcomings could lead you to focus on one piece of negative feedback, while disregarding … Read More
When faced with a difficult decision, copying the actions of others can feel reassuring. We are social animals, and following the crowd can lead us to believe that we are benefitting from the wisdom of others. This may be especially true if we emulate the behaviour of those we consider to be authority figures. This … Read More
Our beliefs can help us navigate the world around us. However, when our beliefs do not line up with reality, they can cause harm to ourselves and others. Also, these beliefs can become so deeply ingrained that they become very challenging to unlearn, even when presented with new information. This phenomenon is called belief perseverance. … Read More
Most people feel that, within the constraints they need to navigate, they are in control of their decisions. But we often automatically follow a train of thought or an external cue without noticing the selective factors in our attention. This phenomenon is called the attentional bias, and it affects many of the decisions we make. … Read More
Whether it’s a doctor, a financial advisor, or a manager, we sometimes apply whatever an authority figure tells us to do, despite knowing that their recommended approach is inefficient, wrong, and potentially even dangerous. Why is that? One explanation is the authority bias. The authority bias is our tendency to be more influenced by the … Read More
We constantly make decisions that will affect our lives in the future. That future can be one hour from now (what’s for lunch?) or one year from now (should I hire an assistant?). Unfortunately, the brain has a hard time imagining what our future selves will need. Instead, it takes mental shortcuts and makes choices … Read More
When something is described as ambiguous, it means that it is confusing, unclear, or open to different interpretations. Entrepreneurs face ambiguous situations all the time; it’s the nature of the business. For example, entrepreneurs make decisions about pricing, marketing, vendors, and finances that don’t have certain outcomes. In addition, entrepreneurs often have to make choices … Read More