But in fact, money is complicated. Nothing makes this clearer than looking at the ways in which we're subject to cognitive biases — the way our brains sneakily convince us to make decisions that ...

A cognitive bias is a mental shortcut or heuristic intended to spare us time, effort, or discomfort—often while reinforcing our self-image or worldview—but at the cost of accuracy and reliability.

Cognitive scientists see motivated reasoning as a force that operates in many domains. Studies by political psychologists highlight denial of climate change or discrediting its science as ...

Hindsight bias occurs when you overestimate your ability to judge the outcome of a situation that already happened. "This is a type of distorted thinking and is one of the common cognitive biases ...