9 Cognitive Biases Explained In 9 Minutes

Cognitive Biases are the little flaws in your thinking system. There are 9 cognitive biases explained in this video.

Bandwagon Effect -

Following what everyone else is doing.

Barnum Effect -

Generic statements used to imply that some knows a lot about you.

Declinism Bias -

The belief that the past was much better than it actually was.

Dunning-Kruger Effect -

Less knowledge breeds more confidence, and as knowledge increases, the confidence in that field goes down.

Anchoring Bias -

The tendency of putting more emphasis on the first information presented to you.

Framing Effect -

The way a sentence is framed often can be used to influence people into making decisions that are not optimal for them.

Optimism Bias -

Thinking that nothing bad is going to happen to you.

Ostrich Effect -

Ignoring clear signs of danger.

Sunk-Cost Fallacy -

Not moving on from a failed venture despite the risk of further failure.

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What I Plan To Use In The Future -

Intro - 0:00
Bandwagon Effect - 1:00
Barnum Effect - 1:50
Declinism Bias - 3:06
Dunning-Kruger Effect - 3:49
Anchoring Bias - 5:06
Framing Effect - 5:45
Optimism Bias - 6:25
Ostrich Effect - 6:56
Sunk-Cost Fallacy - 7:43
Conclusion - 9:00

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Timestamps:

Intro - 0:00
Bandwagon Effect - 1:00
Barnum Effect - 1:50
Declinism Bias - 3:06
Dunning-Kruger Effect - 3:49
Anchoring Bias - 5:06
Framing Effect - 5:45
Optimism Bias - 6:25
Ostrich Effect - 6:56
Sunk-Cost Fallacy - 7:43
Conclusion - 9:00