ABOUT MINIBOSS & BIGBOSS BUSINESS SCHOOL (UK)

20 Things Elon Musk Thinks Should Be Taught to All at a Young Age




Elon Musk reposted an infographic which was titled ‘50 Cognitive biases to be aware of so you can be the best version of yourself’. He captioned the post "should be taught to all at a young age".

Cognitive biases are shortcuts your mind uses when you need to make a decision quickly. They can cause you to act against your best interests or the most logical option.

1. Fundamental Attribution Error: We judge others on their personality or fundamental character, but we judge ourselves on the situation.

2. Self-Serving Bias: Our failures are situational, but our successes are our responsibility.

3. In-Group Favoritism: We favor people who are in our in-group as opposed to an out-group.

4. Bandwagon Effect: Ideas, fads and beliefs grow as more people adopt them.

5. Groupthink: Due to a desire for conformity and harmony in the group, we make irrational decisions, often to minimize conflict.

6. Halo Effect: If you see a person as having a positive trait, that positive impression will spill over into their other traits. (This also works for negative traits).

7. Moral Luck:
Better moral standing happens due to a positive outcome; worse moral standing happens due to a negative outcome.

8. False Consensus: We believe more people agree with us than is actually the case.

9. Curse of Knowledge: Once we know something, we assume everyone else knows it, too.

10. Spotlight Effect: We overestimate how much people are paying attention to our behavior and appearance.

11. Availability Heuristic: We rely on immediate examples that come to mind while making judgments.

12. Defensive Attribution: As a witness who secretly fears being vulnerable to a serious mishap, we will blame the victim less and the attacker more if we relate to the victim.

13. Just-World Hypothesis: We tend to believe the world is just; therefore, we assume acts of injustice are deserved.

14. Naïve Realism: We believe that we observe objective reality and that others are irrational, uninformed, or biased.

15. Naïve Cynicism: We believe that we observe objective reality and that other people have a higher egocentric bias than they actually do in their intentions/actions.

16. Forer Effect (aka Barnum Effect): We easily attribute our personalities to vague statements, even if they can apply to a wide range of people.

17. Dunning-Kruger Effect: The less you know, the more confident you are. The more you know, the less confident you are.

18. Anchoring: We rely heavily on the first information introduced when making decisions.

19. Automation Bias: We rely on automated systems, sometimes trusting too much in the automated correction of the actually correct decisions.

20. Google effect (aka Digital Amnesia):
We tend to forget information that's easily looked up in search engines.

See full infographic

MINIBOSS BUSINESS SCHOOL

Ken Robinson. Changing Education Paradigms