Posted 3 years ago
Posted 3 years ago
Part of a Storybook
Elon Musk shared this view on Twitter, garnering over 64,000 retweets and 315,000 likes.
Elon Musk tweeted about 50 cognitive biases every kid should learn. It’s a phenomenal list. But the infographic is hard to read. For learning purposes, I’ve re-summarized the first 30 cognitive biases Musk recommends to learn. It seemed overwhelming for you to read all 30 in one story, so I’ve split them into a three-part storybook.
Cognitive Biases, What are they?
All humans make systematic errors in thinking—hurting our judgment. Being aware of cognitive biases will make you less susceptible to them. Let’s get started.
Fundamental Attribution Error We judge everyone else on character but blame our shortcomings on the situation. Example: If Ruchi is late for work, she’s lazy. If you’re late for work, it’s because of traffic.
Self-Serving Bias We chalk failures up to the situation while taking all the credit for our successes. Example: You earned that A through hard work & skill. Meanwhile, you got a poor grade because of external factors: bad professor, team assignment, etc.
Ingroup Favoritism We privilege those in our ingroup over those in an outgroup. Example: Jackie works in your division, so you value him more than Ranveer, who works over in accounting.
Bandwagon Effect Concepts, trends, and beliefs catch on as more people validate them. Example: Zoya believes buying an LV bag will make her look chic. Janet does, too.
Groupthink We make irrational decisions just to avoid conflict. Example: Rahul wants to go bowling. Kavya wants to buy a cake for a dinner party. You suggest getting a cake in the shape of a bowling ball.
Halo Effect Focusing on one trait (positive or negative) as being indicative of the whole. Example: “Bobby must be a great entrepreneur; he’s amazing at golf!”
Moral Luck Equating moral superiority with a positive outcome and moral inferiority with a negative outcome. Example: He won the election because he was morally superior to the loser.
False Consensus We assume others agree with us by default. Example: “Everybody knows that!”
Curse of Knowledge We believe that everyone knows the same things we do. Example: Jessy gets frustrated with her son for not understanding multiplication right away.
Spotlight Effect We think people are paying far more attention to us than they are. Example: Nikhil is worried everyone at work will notice he needs new shoes.
There you have it, the first 10 cognitive biases everyone should learn. If you learned something, please do share. Understanding cognitive biases makes the world a better place! Let's spread this important message.
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