key term - Errors in Thinking

Definition

Errors in thinking refer to cognitive biases and fallacies that can lead to flawed reasoning or decision-making. These errors occur when our thoughts and judgments are influenced by certain factors, leading us to make mistakes or come to incorrect conclusions.

Related terms

Confirmation Bias:

This refers to the tendency to seek out information that confirms our existing beliefs while ignoring or downplaying contradictory evidence.

Availability Heuristic:

This is a mental shortcut where we rely on immediate examples or instances that come readily to mind when making judgments or decisions.

Gambler's Fallacy: This is the mistaken belief that past events can influence future outcomes, even if the events are unrelated. For example, believing that after a series of losses, you are due for a win.