Cognitive Biases: Difference between revisions

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A cognitive bias represents an error in reasoning, or a ''deviation from'' ''how one should reason''.<ref>[https://www.cambridge.org/highereducation/books/thinking-and-deciding/D61CB67A2638AAA41BF5C23DF7629C15#overview] -
Baron, J. (2006). Thinking and Deciding. https://doi.org/10.1017/cbo9780511840265</ref> Cognitive biases can lead to errors in judgment, resulting in [[bias]] and [[noise]] in forecasts. Many cognitive biases have been found to be systematic, meaning that when put in the same context, many people commit the same error in the same way. <ref>[https://psycnet.apa.org/record/2011-26535-000] -