The notion of cognitive biases was introduced by Amos Tversky and Daniel Kahneman in 1972 and grew out of their … 展开

Biases can be distinguished on a number of dimensions. Examples of cognitive biases include -
• Biases specific to groups (such as the risky shift) versus biases at the individual level.
• Biases that affect … 展开

Many social institutions rely on individuals to make rational judgments.
The securities regulation regime largely assumes that all investors act as perfectly rational persons. In truth, actual investors face cognitive li… 展开

Because they cause systematic errors, cognitive biases cannot be compensated for using a wisdom of the crowd technique of averaging answers from several people. Debiasing is the reduction of biases in judgment and de… 展开

Bias arises from various processes that are sometimes difficult to distinguish. These include:
• Bounded rationality — limits on optimization and rationality
• Evolutionary psychology — … 展开

People do appear to have stable individual differences in their susceptibility to decision biases such as overconfidence, temporal discounting, and bias blind spot. That said, these stable levels of bias within individuals are possible to c… 展开