Cognitive Biases and Their Impact on Decision-Making

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In our daily lives we sometimes have to contend with poor decision-making. As resolution formulation is a cognitive activity, it means that the outcomes from conclusions drawn, may either be rational or irrational (Priest, 2019). If an unreasonable settlement is formed, then probably the assumptions built were not supported by evidence. Priest (2019) asserts that there is a behavioral pattern of individuals putting together hasty selections even when they make a few assumptions concerning their choices. The tendency to produce such commitments is usually manifested in the way people react to situations. In particular, I tend to get angry when my calls are not answered as I at least expect them to be answered. In such cases, I usually conclude that I am probably being ignored or hated, which is a behavioral pattern influenced by one of the rational biases.

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The striking cognitive bias which affects decision-making is ‘jumping to conclusion’ tendency. This type of prejudice usually reveals itself when individuals make hasty resolutions with little or no proof considered. In many cases people make quick and wrong estimates because of drawing conclusions without considering all possible approximates (Priest, 2019). The wrong estimates come from ‘jumping-to-conclusion’ bias which acts as an impediment to creating correct findings. In fact, I could be shaping an inaccurate verdict because I base my recommendation on information short cuts and ranking in my own mind. Priest (2019) states that a possible feature of ‘jumping to conclusion’ partiality is that it introduces an influence pattern which is separate from the ruling itself. In conclusion, rational prejudice distorts objective contemplation and therefore it urges people to conclude on matters grounded on their thoughts and not the available facts which may often result in poor choices.

Reference

Priest, H. (2019). Biased: 50 famous cognitive biases that impair our judgment (1st ed.). Independently Published.

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PsychologyWriting. (2022, July 24). Cognitive Biases and Their Impact on Decision-Making. Retrieved from https://psychologywriting.com/cognitive-biases-and-their-impact-on-decision-making/

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PsychologyWriting. (2022, July 24). Cognitive Biases and Their Impact on Decision-Making. https://psychologywriting.com/cognitive-biases-and-their-impact-on-decision-making/

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"Cognitive Biases and Their Impact on Decision-Making." PsychologyWriting, 24 July 2022, psychologywriting.com/cognitive-biases-and-their-impact-on-decision-making/.

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PsychologyWriting. (2022) 'Cognitive Biases and Their Impact on Decision-Making'. 24 July.

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PsychologyWriting. 2022. "Cognitive Biases and Their Impact on Decision-Making." July 24, 2022. https://psychologywriting.com/cognitive-biases-and-their-impact-on-decision-making/.

1. PsychologyWriting. "Cognitive Biases and Their Impact on Decision-Making." July 24, 2022. https://psychologywriting.com/cognitive-biases-and-their-impact-on-decision-making/.


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PsychologyWriting. "Cognitive Biases and Their Impact on Decision-Making." July 24, 2022. https://psychologywriting.com/cognitive-biases-and-their-impact-on-decision-making/.