Growth Mindset Psychology: The Science of Self-Improvement

Confirmation Bias and the 7 Sins of Lazy Thinking - [Cognitive Biases pt. 3]

Jun 4, 2024

27:20

Snipd AI

Explore 7 cognitive biases affecting our judgement, including confirmation bias and neglect of probability bias. Learn how to become a more rational thinker and avoid the pitfalls of lazy thinking. Discover the impact of outcome bias, paradox of choice bias, and time discounting bias on decision-making. Embrace personal growth by recognizing mistakes, navigating decision-making in a world of choices, and prioritizing long-term thinking.

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Confirmation bias can lead to catastrophic outcomes, combat it for informed choices.

Time discounting bias prioritizes immediate rewards over long-term benefits, hindering strategic planning.

Deep dives

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Introduction

2min

Mitigating Confirmation Bias

12min

Exploring the Idea of Being Wrong and Learning from Mistakes

3min

Navigating Decision-Making in a World of Endless Choices

6min

Exploring the Impact of Time Discounting and Long-Term Thinking on Decision-Making

4min

7 ways we are wired to be really dumb + How to become rational

Today's episode covers 7 perception and decision-based cognitive biases that cloud our judgement.

Confirmation Bias and NASA
Availability Bias and Tornadoes
Neglect of Probability Bias and Gambling
[Bonus] - Black vs White Swan events and how to avoid being wiped out
Hindsight Bias and Dua Lipa
Outcome Bias and being Right when we were Wrong
Paradox of Choice Bias and the depressing nature of optionality
How the Time Discounting Bias causes Climate Change

Give it a listen and unmuddy the waters of your mind to become a more rational and clearer thinker.

Further reading:

Thinking Fast and Slow - Daniel Kahneman - UK Book - US Book
Predictably Irrational - Dan Ariely - UK Book - US Book

Further Listening

Enjoyed this episode? Check out the rest of the Cognitive Ciases series:

Ego Blindspots: 9 Cognitive Biases to Avoid - [May 7th]
Human Nature vs. Money: Battling Irrationality & Thinking Traps [May 19th]
[YOU ARE HERE] - Confirmation Bias
Reality Distortion: The 7 Illusions of Perception Impact Everyone - [June 18th]
Cognitive Rigidity: How Einstein Overcame the 5 Biases that Keep Us Stuck - [June 19th]
Thinking Fast and Slow: How to Make Better Decisions - [July 12th]

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Growth Mindset pod

Sam Webster explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement.

Watch - YouTube (Growth Mindset)
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Newsletter - Explosive Thinking

Chapters

00:00 The Confirmation Bias

04:13 The Availability Bias

07:07 The Neglect of Probability Bias

09:11 Black Swan vs. White Swan Events

10:59 The Hindsight Bias

13:46 The Outcome Bias

16:10 The Paradox of Choice Bias

18:52 The Time Discounting Bias

21:06 Becoming More Rational Thinkers

22:06 Wrap Up

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