Cognitive Biases: Think Clearly, Decide Better
Your brain lies to you in predictable ways. Learn the systematic errors in thinking that affect every decision β from confirmation bias to sunk cost fallacy. Based on Nobel Prize-winning behavioral economics research. Essential for investors, managers, doctors, lawyers, and anyone making important decisions. Recognize biases in yourself and others to avoid costly mistakes in work, money, and relationships.
Lessons
Lesson 1: Availability & Representativeness β Why We Misjudge Probability
Learn how your brain tricks you into misjudging risks and probabilities through availability and ...
Lesson 2: Anchoring & Adjustment β The Power of First Numbers
Discover how the first number you hear pulls all your estimates in its directionβwhether it's ran...
Lesson 3: Confirmation Bias β Seeing What You Want to See
Learn how our tendency to seek information that confirms our beliefs leads to flawed decisions in...
Lesson 4: Sunk Cost Fallacy β Throwing Good Money After Bad
Understand why we irrationally stick with failing investments, relationships, and projects just b...
Lesson 5: Overconfidence & Planning Fallacy β Why Projects Always Run Late
Explore how we systematically overestimate our knowledge, abilities, and speedβand learn why almo...
Lesson 6: Loss Aversion & Framing Effects β Why Losses Loom Larger
Discover why losing $100 hurts more than gaining $100 feels good, and how the way choices are pre...
Lesson 7: Hindsight & Outcome Bias β Judging Decisions by Results
Explore how hindsight makes past events seem predictable and why judging decisions solely by outc...
Lesson 8: Social Biases β Herd Behavior, Groupthink, Authority
Discover how groups and social pressure systematically distort individual judgment, from conformi...