The Art of Thinking Clearly

Key Facts and Insights from The Art of Thinking Clearly

1. Cognitive biases: The book discusses numerous cognitive biases that cause faulty reasoning and poor decision-making.
2. Confirmation Bias: This bias makes us pay more attention to information that confirms our pre-existing beliefs while ignoring information that contradicts them.
3. Availability Bias: We tend to overestimate the importance of information that is readily available to us.
4. Survivorship Bias: We usually focus on successful outcomes, ignoring the failures that are often more numerous.
5. Sunk Cost Fallacy: We often continue investing in lost causes due to the amount of resources already sunk into them.
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