Understanding Cognitive Biases in Decision-Making

This chapter explores a speech highlighting 24 cognitive biases that impact human judgment, focusing on key concepts like incentives and correlation versus causation. It examines how these biases affect perceptions of investors, decision-making in financial contexts, and the importance of creativity in achieving significant innovations. By analyzing various examples, including sports officiating and educational approaches, the chapter underscores the critical need for awareness and critical thinking in navigating biases.