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Cognitive Biases and Heuristics explained (definition + examples)

Often unconsciously our thinking and decision making are prone to cognitive biases. We need to be aware of them to think more critically and hopefully make better decisions. To explain the concepts of cognitive biases, we use Daniel Kahneman's characterization of System 1 and System 2 (out of his phenomenal book "Thinking Fast and Slow"). _______________________________________________________ Chapter/Timestamps: 0:00 Introduction 0:41 Two Systems of Thinking 2:19 Cognitive Biases and Heuristics Explained 4:09 The positive side of Heuristics 5:54 How can we reduce biases to improve our decision making? 6:35 Outro _______________________________________________________ Sources "Thinking Fast and Slow" by Daniel Kahneman "Gut Feelings: The Intelligence of the Unconscious" by Gerd Gigerenzer _______________________________________________________ Music by Epidemic Sound Lightdrops - Peter Sandberg Random Acts of Kindness - Airae Our Early Years (Stem Melody) - David Celeste _______________________________________________________ You can find me here: X/Twitter: twitter.com/InvisibleCompas Medium: medium.com/@DenisBischof #biases #howtothink