We all view the world through different lenses. This has to do with our upbringing, our collective experiences, and our subconscious behavioral biases.
Until we take a deep look into why we see the world the way we do, we'll never have the capacity for real change.
Inherent biases cause us to make snap judgments based on bad information, to be unfair and to waste time. This is clearly problematic for investors, managers and people in general.
We've collected a long list of cognitive biases from the Singularity Institute, Tim Richard's Psy-Fi Blog and more, to bring these biases to light so we can disrupt our thinking and come to terms with reality.
Attentional bias
When someone focuses on only one or two choices despite there being several possible outcomes.
Read more about attentional bias.
Availability heuristic
Where people overestimate the importance of information that is available to them.
One example would be a person who argues that smoking is not unhealthy on the basis that his grandfather lived to 100 and smoked three packs a day, an argument that ignores the possibility that his grandfather was an outlier.
Read more about the availability heuristic.
Backfire effect
When you reject evidence that contradicts your point of view or statement, even if you know it's true.
Read more about the backfire effect.
See the rest of the story at Business Insider