Why You Make Bad Decisions: Confirmation Bias and the 7 Sins of Lazy Thinking [Cognitive Biases #4]
How to make smarter decisions that improve your life by understanding your mind and it's hidden psychology.
We are all storytelling creatures, desperate to fit the world into a narrative that makes sense to us. Thus, we build echo chambers not because we are stupid, but because we are afraid.
The Confirmation Bias is a shield against the discomfort of being wrong. The Availability Bias shapes our worldview based on the loudest stories, not the most important facts.
This episode reviews 7 cognitive biases the explore the friction between what is comfortable and what is true. Learning helps us build tools for the art of long-term thinking in a short-term world.
- Audit your inputs: Step outside your algorithmic feed to find the friction of opposing views.
- Reframe the risk: Turn "Black Swan" surprises into "White Swan" predictions by analyzing the unsexy data.
- Choose commitment: Overcome the paralysis of infinite choice by making a "good enough" decision and sticking to it.
Go make a ruckus by choosing to think clearly today.
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Growth Mindset Psychology:
Sam Webster explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement.
CHAPTERS
00:00 The Confirmation Bias
04:14 The Availability Bias
07:08 The Neglect of Probability Bias
09:12 Black Swan vs. White Swan Events
11:00 The Hindsight Bias
13:47 The Outcome Bias
16:15 The Paradox of Choice Bias
18:56 The Time Discounting Bias
21:10 Becoming More Rational Thinkers
22:14 Wrap Up
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