Cognitive biases are tendencies to think in certain ways that can lead to systematic deviations from a standard of rationality or good judgement, and are often studied in psychology and behavioural economics. In this list of cognitive biases most important are given.
Somewhat similar to the confirmation bias is the ingroup bias, a manifestation of our innate tribalistic tendencies. And strangely, much of this effect may have to do with oxytocin the so called love molecule. This neurotransmitter, while helping us to forge tighter bonds with people in our ingroup, performs the exact opposite function for those on the outside it makes us suspicious, fearful, and even disdainful of others.
We humans tend to be apprehensive of change, which often leads us to make choices that guarantee that things remain the same, or change as little as possible. Needless to say, this has ramifications in everything from politics to economics. We like to stick to our routines, political parties, and our favourite meals at restaurants.
We love to agree with people who agree with us. It is why we only visit websites that express our political opinions, and why we mostly hang around people who hold similar views and tastes. We tend to be put off by individuals, groups, and news sources that make us feel uncomfortable or insecure about our views.
People tend to pay more attention to bad news and it’s not just because we’re morbid. Social scientists theorise that it’s on account of our selective attention and that, given the choice, we perceive negative news as being more important or profound.
As individuals trapped inside our own minds, it’s often difficult for us to project outside the bounds of our own consciousness and preferences. We tend to assume that most people think just like us though there may be no justification for it. These are the main list of Cognitive Biases.