Tag: Hindsight Bias
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Failure of Imagination
Failure of imagination describes the inability to foresee major risks or opportunities due to cognitive blind spots and conventional thinking, as highlighted by the 9/11 Commission. It applies to events like Pearl Harbor and the 2008 crisis, spanning security, business, and social contexts. Mitigation involves scenario planning, diverse perspectives, and historical learning.
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Cognitive Bias
Cognitive biases, prevalent yet often unnoticed, shape decision-making processes. These systematic thinking errors—confirmation bias, hindsight bias, and more—affect individual choices, societal views, and interpersonal relationships. Strategies for minimizing their influence are part of a complex cognitive landscape.