Filter what information comes to your brain

Cognitive biases is way of thinking that is based on personal experience, work experience, and cultural grow up. We all think a certain way. It is based on what we allow to influence us. We need to be aware of what we allow to influence us. Sometimes we are right and sometimes we are wrong. We must not let anything get in the way of that. Now, there are times in life when we make a decision and it is wrong. We must make decisions that are fair. Now, it can be difficult at times especially when growing up around people who do not give you the best knowledge possible. You have to learn how to make decisions in business and in life that are best. There are times you need to do what is best for you. Life can be difficult and there comes a time when you need to make a difficult decision. A decision you need to make for your own life. Some techniques are stop assuming one thing is true because of one source called "Anchoring Bias." This is based on the fact that we see one piece of information and then we assume that it is true. One source does not make something true. In order for something to be true, you must do deep research and listen to both sides. Another thing that affects decision making is "The Band Wagon Effect." the effect is believing in something because it is popular. Now, people believe whatever they want to believe and that is fine. But, majority does not make something true. It is this way in all things in life. If a lot of people believe in it, then it might be true. You need to find your own truth in this world or your forever lost. Conservatism Bias, is where you trust the old information more then the new information. It is not always good to do that. Sometimes, it is good to trust the old information first. However, in some areas like business it is best to trust the most useful information. That is the information that matters.






Reference:

http://www.businessinsider.com/cognitive-biases-that-affect-decisions-2015-8
https://www.accel-kkr.com/understanding-your-cognitive-biases-in-decision-making/