Understanding Cognitive Biases

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Anchoring bias

Back

Anchoring bias is the tendency to rely on the first piece of information encountered when making decisions.

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How does availability bias affect decision-making?

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Availability bias leads to skewed perceptions and decisions based on easily recalled information.

Front

Example of the bandwagon effect?

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A popular social media influencer promoting a specific brand of sneakers, leading many followers to buy them.

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What is the main consequence of relying on the first piece of information?

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Confirmation bias in decision-making.

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What is groupthink and how is it related to the bandwagon effect?

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Groupthink is a phenomenon where group cohesion leads to poor decision-making, and it relates to the bandwagon effect as both involve individuals conforming to group opinions without critical evaluation.

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Why is it important to be aware of cognitive biases?

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It is important to be aware of cognitive biases to improve decision-making and critical thinking.

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How can anchoring bias impact job interviews?

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Anchoring bias can cause interviewers to rely too heavily on initial impressions, affecting their overall assessment of a candidate.

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What strategies can help mitigate the effects of cognitive biases?

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Increase awareness, seek diverse perspectives, use structured decision-making, and implement feedback mechanisms.

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In what situations might the bandwagon effect be beneficial?

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Public health campaigns and social movements.