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Behavioral Grooves Podcast cover image

Question Everything: The Power of Critical Thinking | Alex Edmans

Behavioral Grooves Podcast

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The Importance of Critical Thinking and Skepticism in Decision Making

Critical thinking and skepticism play a crucial role in decision-making. It is essential to differentiate between facts and statements, as well as to question and analyze information. By being skeptical, asking good questions, and evaluating the plausibility of statements, individuals can avoid errors in decision-making and beliefs. Cognitive effort is required to seek the truth through facts, evidence, and proof, as our brains tend to believe rather than engage in the effort of discovery. Failing to invest energy in critical thinking leads to a loss of agency, making individuals susceptible to being led astray by others, akin to sheep following wolves.

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