#35 - MENTAL TRAPS: How Our Brains Fool Us ?

In this episode #35, we dive into the fascinating world of Cognitive Biases, the mental shortcuts/Mental traps that often lead us to poor conclusions and decision making. We explore biases like the Spotlight Effect, where we believe others are more focused on us than they really are, and the Halo Effect, which causes us to judge someone’s whole character based on one positive trait. Understanding these cognitive biases help to improve critical thinking and eliminate thinking errors. 00:00 - Cognitive Biases 03:53 - Spotlight Effect 06:51 - Halo Effect  10:44 - Anchoring Effect  11:04 - Peltzman Effect 11:40 - Rosy Retrospection  12:28 - Peak End Bias 13:17 - Negativity Bias 13:57 - Hindsight Bias 15:01 - Dunning–Kruger Effect / Authority Bias 17:32 - Confirmation Bias 20:00 - Survivorship Bias 21:46 - Forer Effect 23:45 - Framing Effect 24:41 - Contrast Effect 25:20 - Decoy Effect  26:34 - Zeigarnik Effect 29:13 - Sunk Cost Fallacy 31:24 - Self-Justification Bias 33:00 - Bandwagon Effect 34:12 - Availability Cascade 36:31 - Gambler's Fallacy 37:11 - Clustering Illusion  38:06 - Bystander Effect 39:42 - Illusion of Truth 41:37 - Focusing Effect 42:41 - Extension Neglect 43:18 - Hyperbolic Discounting 44:05 - Diagnosis Momentum 44:46 - Misinformation Effect 46:16 - Ostrich Effect 47:18 - Therapeutic Nihilism 48:02 - Black Swan Fallacy  49:57 - Environment Amnesia 50:35 - Functional Fixedness 51:11 - False Consensus Effect 52:09 - Declinism  54:52 - Familiarity Bias 55:36 - Affinity Bias 56:30 - Mere Exposure Effect 57:44 - Benjamin Franklin Effect 58:57 - Law of Triviality 01:00:03 - Fundamental Attribution Error 01:01:33 - Egocentric Bias 01:02:23 -The Knowledge Curse 01:03:12 - Positive side of Cognitive Biases  01:04:41 - IKEA Effect 01:06:03 - Hoarding Disorder 01:06:24 - G. I. Joe Fallacy 01:08:30 - Tourism Optimism Bias 01:09:44 - Peak End Bias 01:11:38 - Serial Position Effect