Human behaviour is a fascinating and, at times, mind-boggling field of study.
Why do you favour a particular person over another?
Why would some people never go back to a favourite store because they had one rude encounter with the new sales girl?
Why would most of us still continue once the free membership to a magazine converts into a paid one? Are we being lazy or is it something else?
In today’s podcast, I talk about a key ingredient that will put some light on above scenarios because it influences all your decisions.
It’s called cognitive bias. Think of it as a mental human error, something that’s present and prevalent in each one of us.
It’s independent of your caste, creed or religion.
It stands irrespective of your principles and values leading to errors in decision-making and judgement.
You may be a smart, rational person, and still be biased toward certain way of thinking.
In today’s podcast, we look at 5 types of cognitive bias that stop you from acting rationally:
- Confirmation bias
- Negativity bias
- Loss Aversion
- The Halo effect
- Illusion of control
If you want to live a happier life and process information intelligently based on logic, rationale and evidence by understanding why you do what you do, listen to this podcast while driving your car or running on the treadmill. 🙂
What did you think of the podcast? Leave a comment below!