Automation Bias: What It Is And How To Overcome It – Forbes
Automated systems can reduce errors and speed up decision-making, but they are not perfect – and once we begin relying on automated systems, … Source link
critical thinking
What It Is And How To Overcome It
The anchoring effect refers to our tendency to rely too heavily on the first piece of information offered when making decisions. This cognitive bias affects not only everyday choices but also has significant implications in professional settings, such as negotiations, pricing strategies, and financial forecasting. Understanding the anchoring effect, recognizing its threat to effective decision-making, … Read more