Bias in AI isn’t just baked into the training data; it’s shaped by us and embedded in the broader ecosystem of human-AI interaction. This cognitive bias emerges from the dynamic interplay between ...
Cognitive shortcuts (or heuristics) and their consequent psychological and behavioural biases can profoundly affect and shape the judgments and decisions we make in our everyday and professional lives ...
Falling for the dangerous judgment errors called cognitive biases often costs you an arm and a leg. Yet such serious mistakes happen all the time in business! For instance, one of the biggest ...
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AI thinks like us—flaws and all: Study finds ChatGPT mirrors human decision biases in half the tests
Can we really trust AI to make better decisions than humans? A new study says … not always. Researchers have discovered that OpenAI's ChatGPT, one of the most advanced and popular AI models, makes the ...
Studies show that AI systems used to make important decisions such as approval of loan and mortgage applications can perpetuate historical bias and discrimination if not carefully constructed and ...
Hindsight bias is a well‐documented cognitive phenomenon whereby individuals perceive past events as having been more predictable than they actually were. This bias manifests through memory ...
In a large group of independent decision-makers, those who reach a decision most quickly also tend to be those with the strongest initial biases. The finding comes from a mathematical model of ...
Inside the mind of a decision scientist: What influences what we choose.
Your brain is an impressive device. Nevertheless, it cannot pay attention to everything at once, so it relies on shortcuts, heuristics and simplifications. These allow you to react quickly to ...
We are defined by the decisions we make from the moment we wake up to when we fall asleep. Regardless of how mundane or unimportant these emotions and decisions may seem, you must learn how to remove ...
Have you ever felt like pulling the hairs out of your head when clients let emotion and biased behavior creep into their investment decisions? Well, new research says advisors may need to take a look ...
Artificial intelligence is increasingly used as a tool in many health care settings, from writing physicians' notes to making ...
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