Summary
Key Facts and Insights from The Art of Thinking Clearly
- Cognitive biases: The book discusses numerous cognitive biases that cause faulty reasoning and poor decision-making.
- Confirmation Bias: This bias makes us pay more attention to information that confirms our pre-existing beliefs while ignoring information that contradicts them.
- Availability Bias: We tend to overestimate the importance of information that is readily available to us.
- Survivorship Bias: We usually focus on successful outcomes, ignoring the failures that are often more numerous.
- Sunk Cost Fallacy: We often continue investing in lost causes due to the amount of resources already sunk into them. ...
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