How Many Of These Ten Cognitive Biases Affect Your Decision-Making

How Many Of These Ten Cognitive Biases Affect Your Decision-Making

Cognitive bias causes us to routinely deviate from rational judgment, and to make inferences about other people and situations illogically.

A good example in the workplace is when you receive recognition, or an award, and you assume that your colleagues are all as happy for your success as you are; it makes us hurt and frustrated when we find out that this is not necessarily the case.

A Quick Introduction To Behavioural Economics

A Quick Introduction To Behavioural Economics

The study of human behaviour, which has traditionally come under the umbrella of psychology, would seem to have little relationship with economics.

But, as we learn more about how the brain works through the dual disciplines of neuroscience and psychology, there is an increasing marriage with the field of economics, in order to better understand how people make financial decisions.