Listen to a Podcast About Cognitive Biases

Uncover the systematic errors in human thinking — confirmation bias, anchoring, availability heuristic, Dunning-Kruger effect, and how understanding these biases leads to better decisions.

Kahneman and Tversky identified dozens of cognitive biases in their research throughout the 1970s-80s, with their "heuristics and biases" program demonstrating that human judgment systematically deviates from rationality in predictable ways. The Dunning-Kruger effect, published in 1999 by David Dunning and Justin Kruger at Cornell, showed that people with the least competence in a domain tend to overestimate their abilities the most, while experts tend to underestimate theirs — a finding replicated across domains from logical reasoning to chess to medical diagnosis. Wikipedia's "List of cognitive biases" catalogs over 180 documented biases, from the IKEA effect (overvaluing things you helped create) to the planning fallacy (underestimating how long tasks will take, which Kahneman found affects even people who know about the bias).

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