How Biases can manipulate without you being aware 🧠. With examples (eng sub)

The video explores various cognitive biases, including anchoring, availability, confirmation, and distinction biases. It explains how these biases affect our decision-making and perception, often leading to errors. The video also discusses how biases are exploited in marketing and politics, and offers insights into becoming more rational by recognizing and mitigating these biases.

What is a cognitive bias?

• A way to improve memory retention

• A logical error in thinking due to limited mental resources

• A type of optical illusion

• A method to enhance decision-making

How does anchoring bias affect decision-making?

• It leads us to ignore initial information

• It causes us to depend heavily on the first piece of information

• It encourages us to consider all available data

• It makes us rely on the most recent information

In what way is anchoring bias commonly exploited in retail?

• By hiding the prices of items

• By using high initial prices as a reference point

• By displaying the cheapest item first

• By offering discounts on all items

Which animal is responsible for the most human deaths worldwide?

• Crocodile

• Mosquito

• Lion

• Shark

Why do people often fear flying more than traveling by bus?

• Planes are statistically more dangerous

• Media coverage makes plane crashes more memorable

• Buses are perceived as more modern

• Flying is a more common mode of transport

What is confirmation bias?

• The tendency to seek out information that contradicts our beliefs

• The inclination to remember information that supports our beliefs

• The habit of ignoring all information

• The practice of considering all viewpoints equally

How does confirmation bias contribute to societal polarization?

• By making people more receptive to new ideas

• By encouraging open dialogue between opposing groups

• By reinforcing existing beliefs and ignoring opposing views

• By promoting unbiased media coverage

What is distinction bias?

• The tendency to ignore differences between options

• The tendency to see options as more distinct when evaluated together

• The tendency to see options as more similar when evaluated together

• The tendency to choose the cheapest option

Why might someone pay more for a product due to distinction bias?

• They are influenced by the brand name

• They overvalue small differences when comparing products

• They are unaware of cheaper alternatives

• They believe the product is of higher quality

How can we overcome cognitive biases in decision-making?

• By ignoring all external information

• By relying solely on intuition

• By being aware of biases and evaluating all alternatives

• By making decisions quickly