The Impact Of Confirmation Bias On Everyday Decisions

Confirmation bias is a cognitive bias that causes us to seek out information that confirms our existing beliefs while ignoring evidence that contradicts them. This can lead to poor decision-making, particularly in areas such as finance and investments, interpersonal relationships, and health.
But it's possible to overcome confirmation bias and improve critical thinking skills, self-reflection and skeptical thinking.


00:00 What is confirmation bias?
00:44 Confirmation bias as a mental shortcut
01:15 The benefits of confirmation bias
03:47 The negative effects of confirmation bias
04:35 Confirmation bias in finance
05:05 Confirmation bias in health
05:27 Confirmation bias in relationships
05:49 Confirmation bias and Consumer choices
06:13 Confirmation bias in career
06:36 Practical solutions and strategies
07:42 A study about confirmation bias