My Cognitive Biases
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The ultimate list of cognitive biases part 1 – https://mycognitivebiases.com/ultimate-list-of-cognitive-biases-with-examples-part-1-of-4/
Timestamps
Intro – 00:00
Definition – 00:02
Example – 00:11
Outro – 00:31
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What is Placebo effect?
Definition:
A placebo is an inert substance or treatment which is designed to have no therapeutic value.
Example:
Acupuncture is a form of alternative medicine and a key component of traditional Chinese medicine (TCM) in which thin needles are inserted into the body. Acupuncture is a pseudoscience because the theories and practices of TCM are not based on scientific knowledge, and it has been characterized as quackery.
More on mycognitivebiases.com
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What are Cognitive Biases?
A cognitive bias is a systematic error in thinking that occurs when people are processing and interpreting information in the world around them and affects the decisions and judgments that they make.
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