Amos Tversky

with and evaluating it. However, the judgments and decisions that people make are tainted with errors and swayed in large part by a huge range of biases. In their book “Judgment under Uncertainty”, psychologists Daniel Kahneman, Paul Slovic and Amos Tversky published their findings on cognitive bias in which they define cognitive bias as the disposition that people have of making decisions or taking actions in an illogical manner. Some biases may relate to memory and some biases may have to do…

Cognitive biases are irrational patterns that occur in our thought processing. At the surface, they only seem to misconstrue our perception of reality and hinder our ability to reach a logical conclusion when faced with a problem or situation. However, through further research and investigations, psychologists have discovered that this apparent flaw in our minds has been a necessary part of our evolution. These biases help us make sense of the vast, complex world around us by simplifying the…