How does misinformation affect decision making?

Misinformation can significantly impact decision making. It can lead to false assumptions and incorrect conclusions, which can be harmful. This is because our decision-making process often involves referencing past experiences and creating associations, and misinformation can distort this process. It can cause us to make decisions based on incorrect or misleading information, which can lead to negative outcomes.

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Biases and personal experience are the foundations of System One thinking. When faced with a decision, the first instinct is usually to approach the problem by referencing past experiences and creating associations. The tendency is to try and find solutions quickly with as little effort as possible. This "knee-jerk" reaction is very subjective and often includes elements that turn out to be irrelevant and sometimes harmful. Jumping to conclusions, false assumptions, misinformation, and a host of other pitfalls come into play with this mode of thinking. For many, this type of thinking happens uncontrollably without any conscious effort.

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Thinking Fast and Slow

People often aren't able to come up with an answer that is logical and practical when faced with making a decision. This problem happens because we ap...

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