Cognitive Biases: Difference between revisions
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A cognitive bias is a directional departure from a normative model of reasoning (i.e., how one should reason).<ref>[https://www.cambridge.org/highereducation/books/thinking-and-deciding/D61CB67A2638AAA41BF5C23DF7629C15#overview] - |
A cognitive bias is a directional departure from a normative model of reasoning (i.e., how one should reason) and tend to lead to errors in judgment.<ref>[https://www.cambridge.org/highereducation/books/thinking-and-deciding/D61CB67A2638AAA41BF5C23DF7629C15#overview] - |
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Baron, J. (2006). Thinking and Deciding. https://doi.org/10.1017/cbo9780511840265</ref> This is contrasted with the concept of [[noise]], which is a departure from normativity in many directions.<ref>[https://hbr.org/2016/10/noise] - Noise: How to Overcome the High, Hidden Cost of Inconsistent Decision Making. (2016, October). Harvard Business Review. https://hbr.org/2016/10/noise</ref> The existence of cognitive biases is a central concern for making better forecasts. |
Baron, J. (2006). Thinking and Deciding. https://doi.org/10.1017/cbo9780511840265</ref> This is contrasted with the concept of [[noise]], which is a departure from normativity in many directions.<ref>[https://hbr.org/2016/10/noise] - Noise: How to Overcome the High, Hidden Cost of Inconsistent Decision Making. (2016, October). Harvard Business Review. https://hbr.org/2016/10/noise</ref> The existence of cognitive biases is a central concern for making better forecasts. |
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