Confirmation Bias Anchoring Bias

Availability Heuristic

Tribalism

Sunk Cost Fallacy

As we have seen, cognitive biases are built into the way human beings process information. They are common to us all, and it takes self-awareness and effort to overcome the tendency to fall back on biases. Consider a time when you have fallen prey to one of the five cognitive biases described above. What were the circumstances? Recall your thought process. Were you aware at the time that your thinking was misguided? What were the consequences of succumbing to that cognitive bias?

Write a short paragraph describing how that cognitive bias allowed you to make a decision you now realize was irrational. Then write a second paragraph describing how, with the benefit of time and distance, you would have thought differently about the incident that triggered the bias. Use the tools of critical reflection and metacognition to improve your approach to this situation. What might have been the consequences of behaving differently? Finally, write a short conclusion describing what lesson you take from reflecting back on this experience. Does it help you understand yourself better? Will you be able to act differently in the future? What steps can you take to avoid cognitive biases in your thinking today?