by Jule | Jul 16, 2024 | Bias, Critical thinking, Decision making
Daniel Kahneman identified several key cognitive biases in his book “Thinking, Fast and Slow” that affect our decision-making processes. Here are some of the main biases and how they impact our choices: Key Cognitive Biases Anchoring Bias This is the...
by Jule | Jul 12, 2024 | Bias, Decision making, Strategy
The commitment fallacy, also known as escalation of commitment or commitment bias, is a psychological tendency where individuals or groups continue to invest time, money, or effort into a decision or course of action, even when faced with increasingly negative...
by Jule | Jul 10, 2024 | Bias, Decision making, Ideas generation, Strategy
Have you ever made a snap judgement based on limited information? If so, you’ve likely fallen prey to WYSIATI, a cognitive bias that profoundly influences how we interpret the world around us. WYSIATI, which stands for “What You See Is All There Is”,...
by Jule | Jun 3, 2024 | Bias, Book review, Decision making
The book argues that humans often make decisions using simple heuristics (mental shortcuts) rather than complex algorithms, and these heuristics can be surprisingly effective and efficient, especially in uncertain and complex environments. Adaptive Toolbox: The...
by Jule | Sep 9, 2023 | AI, Artificial Intelligence, Bias, Ethics
A recent article on VentureBeat discusses how open-source data labelling technology can significantly mitigate biases that often plague AI models. Bias in AI can originate from the data used to train these models. When individuals conduct data labelling, their...
by Jule | Aug 27, 2023 | AI, Artificial Intelligence, Bias, Ethics
AI bias occurs when an AI system produces systematically prejudiced results due to erroneous assumptions in the machine learning process. This can lead to unfair treatment of individuals based on race, gender, age, or other characteristics. Understanding and...
