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7. Inspired Decisions > 7.1. Bounded Irrationality

Bounded Irrationality

But let’s forget AI, for a time, and delve instead into the depths of human irrationality, beginning with some well-documented decision-making traps.[*]

Anchoring

When considering a decision, our minds are unduly influenced by the first information we find. Initial impressions and data anchor subsequent judgments.

Confirmation

Through selective search and perception, we subconsciously seek data that supports our existing point of view, and avoid contradictory evidence.

Memorability

We are overly influenced by recent or dramatic events. Repetition from one or multiple sources can also influence belief, memory, and judgment.

Status quo

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