Data, Inference, and Decisions
Cognitive biases are systematic patterns of deviation from norm or rationality in judgment, where individuals create their own 'subjective reality' from their perception of the input. These biases can lead to flawed decision-making, especially when data is involved, as people may misinterpret information or favor evidence that supports their existing beliefs. Understanding these biases is crucial for improving data-driven decision-making and mitigating potential pitfalls.
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