The hottest Cognitive Biases Substack posts right now

And their main takeaways
Category
Top Finance Topics
Granted 18608 implied HN points 10 Mar 24
  1. Astrology does not have scientific backing and can lead to harmful stereotypes and discrimination.
  2. Studies have shown that zodiac signs do not correspond to personality traits, and astrology cannot predict life outcomes.
  3. Belief in astrology may indicate a lack of critical thinking skills and could lead to acceptance of other unfounded beliefs.
UX Psychology 178 implied HN points 23 Feb 24
  1. The curse of knowledge is a cognitive bias where experts find it hard to imagine not knowing what they know, this can impact different fields, including UX.
  2. Cognitive biases like the curse of knowledge stem from how our brains process and remember information, leading to errors in thinking and decision-making.
  3. To overcome the curse of knowledge, involve users in the design process, seek feedback from colleagues, and communicate in plain language to ensure better collaboration and user experience.
The Magnet 334 implied HN points 21 Feb 23
  1. The U.S. has shot down 4 unidentified aerial objects recently.
  2. Baader-Meinhof phenomenon involves suddenly noticing something more often after learning about it.
  3. Pitted Windshield Panic of 1954 was caused by normal driving conditions, not cosmic threats.
Mental Models 42 implied HN points 26 Jul 23
  1. Mental accounting involves dividing finances into separate 'mental accounts' based on different criteria.
  2. Psychological factors like framing effects and sunk cost fallacy contribute to mental accounting.
  3. Mental accounting impacts budgeting, debt management, and investment decisions, influencing overall financial well-being.
Optimally Irrational 15 implied HN points 25 Oct 23
  1. Many people tend to overestimate their abilities and standing relative to others because they derive pleasure from thinking they are better than they actually are.
  2. Overconfidence can lead to costly mistakes in the real world, even though it might offer benefits in social interactions where it can influence others' behaviors.
  3. Self-deception, fueled by the belief in our own lies, may help us deceive others more effectively, especially in situations where credibility is crucial.
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Wayne's Earth 7 HN points 26 Dec 23
  1. The Gell-Mann Amnesia effect points out how we tend to doubt news within our expertise but believe information outside of it, showing inconsistencies in our media perception.
  2. Cognitive biases like confirmation bias and the Dunning-Kruger effect play a role in why we selectively scrutinize information based on our expertise.
  3. In the digital age, the internet and social media have intensified the Gell-Mann Amnesia effect, making it crucial for individuals to cultivate critical thinking and media literacy to navigate the vast sea of information.
Technology Made Simple 39 implied HN points 22 May 22
  1. Inattentional blindness is when your mind filters out certain stimuli to focus on what it deems important.
  2. Biases like inattentional blindness can help you focus but also cause you to miss important connections and ideas.
  3. To counter attentional blindness, consider gaining diverse experiences, taking a step back, and pausing to reassess.