What is Zero Sum Bias? [Definition and Example] - Understanding Cognitive Biases

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The ultimate list of cognitive biases part 1 - https://mycognitivebiases.com/ultimat...

Timestamps
Intro - 00:00
Definition - 00:02
Example - 00:16
Outro - 00:33

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What is Zero sum bias?

Definition:
A bias whereby a situation is incorrectly perceived to be like a zero-sum game (i.e., one person gains at the expense of another).

Example:
When politicians argue that international trade must mean that one party is winning and another is losing when transfer of goods and services at mutually-agreeable prices is in general mutually beneficial, or that a trade deficit represents losing money to another country.

More on mycognitivebiases.com

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What are Cognitive Biases?

A cognitive bias is a systematic error in thinking that occurs when people are processing and interpreting information in the world around them and affects the decisions and judgments that they make.

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