The Cognitive Biases Underlying Erroneous Decisions by Intelligent Individuals
Smart People, Bad Decisions: Cognitive Biases
Individuals of high intelligence, despite superior cognitive abilities, demonstrate a surprising propensity for error. This phenomenon results from a complex interplay of factors, including overconfidence bias, leading to an underestimation of risk.
Overconfidence and Risk Underestimation
A 2018 Cambridge University study demonstrated that high-IQ individuals frequently overestimate their capabilities by as much as 30%, thereby increasing vulnerability to unforeseen challenges.
Cognitive Rigidity: A Barrier to Adaptability
Furthermore, cognitive rigidity, characterized by deeply ingrained thought patterns, significantly impedes adaptability. A 2005 study published in *Cognitive Psychology* revealed that…
Conclusion
Even the most intelligent individuals are susceptible to cognitive biases that can lead to flawed decisions. Understanding these biases is crucial for improving decision-making processes and mitigating potential risks.
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