UNCONSCIOUS THAT LEADS TO MISINTERPRET INFORMATION AFFECTING OUR DECISION'S RATIONALITY AND ACCURACY. MENTAL SHORTCUTS, SOCIAL PRESSURES, FLAWED MEMORY, EMOTIONS, AGING, AND PAYING-ATTENTION ISSUES CAN CAUSE COGNITIVE BIASES. COGNITIVE BIASES CAN BE EXTREMELY HELPFUL IN CERTAIN SITUATIONS. THEY SAVE US TIME BY ALLOWING US TO REACH CONCLUSIONS QUICKLY WITHOUT PROCESSING EVERY PIECE OF EVIDENCE FIRST. Here are some of the most common cognitive biases: _______ bias • is the tendency to attribute one's actions to external factors while attributing other people's behaviors to internal causes. For example: Juan blames the situation or circumstance when something negative happens. But when the same thing happens to other persons, he blames them for their choices, actions, or behaviors. ______ bias • is the tendency to rely heavily on the first piece of information learned about a subject. For example: Juan goes to a mall to buy a t-shirt. He sees a nice t-shirt costing php 4,200. At another boutique, he sees a similar t-shirt priced php 2,200. He concludes the quality of the second t-shirt is poor, because the first piece he sees unduly influence his opinion. ______ bias • is the tendency to pay attention to some things while ignoring others. For example: When studying for an exam in the library, you pay attention only to your notes and books, ignoring the students around you. So, you do not even notice the students leave or enter the library. ______ heuristic • is our tendency to decide based on information that comes to mind quickly and easily in decision making. For example: bias causes us to buy things we don't need when we are near a store. It's also why we tend to make rash decision in stressful situation. ______ heuristic • makes us decide based on the emotional cues, familiar facts, and vivid images we easily recall, causing to err in our judgment. For example: when we decide whether or not to buy a lotto ticket, what comes to mind is the luxurious lifestyle that goes with winning the jackpot. We ignore the long odds of winning the lotto. ______ bias • is the tendency to look for information that confirms our beliefs and ignore information that contradicts them. This bias is prevalent when we are forming an opinion on something. For example: We believe in a certain candidate is the most qualified for a position. So, we look for information confirming this belief and ignore any information that contradicts it. ______ effect • is the inability yo recognize our incompetence. It refers to our tendency to believe we are more intelligent or capable than we are or overestimate our abilities. For example: On social media, we feel fully equipped to give opinions on a topic or issue, even though objective measures show the contrary or people around us disagree. ______ effect • is the inclination to see our attitudes, beliefs, and behavior as typical. As a result, we overestimate how much others like us, agree with us, or approve our behavior. For example: Some activists may assume that most people agree with their extreme political beliefs, Therefore, they aggressively push these beliefs, even though most people do not agree with them. ___________ • is a tendency to see objects working in a particular way. For example: You need to sharpen your blunt knife but don't have a knife sharpener. You have a teacup but you don't use it to sharpen your knife because you think you use it only for drinking tea. In this example, functional fixedness prevents you from seeing an object's full range of uses. It also applies to people, sometimes, people are good only at the roles they play or functions they perform. As a result, we don't try using them to play roles of perform other functions. ________ • is the tendency of an impression created in one area to influence opinion in another. It is a cognitive bias in which our impression of persons in one area influences how we think about them in other areas. For example: We perceive an actress as attractive, likeable, and successful. So, we see her as smart, funny, and generous. The Halo effect also refers to the tendency to view someone's positive or negative traits as outweighing all others. You see this in the workplace, in sports, and politics. ______ bias • is the tendency to overestimate our likelihood of achieving favorable outcomes and success and underestimate our likelihood of experiencing unfavorable outcomes, misfortunes, or hardships. This bias is based on a mistaken belief that our chances of experiencing negative events are lower. In comparison, our chances of experiencing positive events are higher than those of our peers. So, optimism bias makes us careless- we stop talking precautions. ______ bias • is the tendency of a person to take credit for positive events or results but blame outside factors for negative events. For example: Mary gets a good grade on a math test. She tells everyone she is good in math and studied hard for the test. However, when she gets a bad grade on an english test, she tells her classmates that the test is unfair. THANK YOU!