3min chapter

The Rational View podcast with Dr. Al Scott cover image

Dr. Daniel Kahneman on how we think

The Rational View podcast with Dr. Al Scott

CHAPTER

The Cognitive Bias in Decision Making Processes

The biases we're talking about are cognitive biases and they arise from the way that intuition works. And most of the time, those shortcuts work perfectly well. So it's not that the whole machine is quite affected but it is not built to obey the axioms of logic. You asked, what is most damaging. That's a completely different question. But I had singled out overconfidence as a basic flaw. We’re overly confident in our understanding of the world."

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