Animation by Fanny Luor
Animation by Fanny Luor

Work Culture

The cognitive biases that prevent us from doing great work

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Published on April 03, 2019

On March 2, 1959, a group of Australians gathered to celebrate a groundbreaking ceremony at Bennelong Point in central Sydney, unknowingly watching the start of one of the most disastrous construction projects in human history.

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Once we understand how cognitive biases are contributing to our poor decision making, we can start mitigating those biases and improving our judgments.

The dominant economic theory of the twentieth century—Chicago School economics—was built on assumption that individuals were all rational economic people. But that might not be true.

Did you make the right decision by trusting your gut? Or did your reptilian brain cling onto the first piece of information you gave it?