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Every Single Cognitive Bias in One Infographic

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Cognitive Bias Infographic

Every Single Cognitive Bias in One Infographic

View the high resolution version of today’s graphic by clicking here.

The human brain is capable of incredible things, but it’s also extremely flawed at times.

Science has shown that we tend to make all sorts of mental mistakes, called “cognitive biases”, that can affect both our thinking and actions. These biases can lead to us extrapolating information from the wrong sources, seeking to confirm existing beliefs, or failing to remember events the way they actually happened!

To be sure, this is all part of being human—but such cognitive biases can also have a profound effect on our endeavors, investments, and life in general.

For this reason, today’s infographic from DesignHacks.co is particularly handy. It shows and groups each of the 188 known confirmation biases in existence.

What is a Cognitive Bias?

Humans have a tendency to think in particular ways that can lead to systematic deviations from making rational judgments.

These tendencies usually arise from:

  • Information processing shortcuts
  • The limited processing ability of the brain
  • Emotional and moral motivations
  • Distortions in storing and retrieving memories
  • Social influence

Cognitive biases have been studied for decades by academics in the fields of cognitive science, social psychology, and behavioral economics, but they are especially relevant in today’s information-packed world. They influence the way we think and act, and such irrational mental shortcuts can lead to all kinds of problems in entrepreneurship, investing, or management.

Cognitive Bias Examples

Here are five examples of how these types of biases can affect people in the business world:

1. Familiarity Bias: An investor puts her money in “what she knows”, rather than seeking the obvious benefits from portfolio diversification. Just because a certain type of industry or security is familiar doesn’t make it the logical selection.

2. Self-Attribution Bias: An entrepreneur overly attributes his company’s success to himself, rather than other factors (team, luck, industry trends). When things go bad, he blames these external factors for derailing his progress.

3. Anchoring Bias: An employee in a salary negotiation is too dependent on the first number mentioned in the negotiations, rather than rationally examining a range of options.

4. Survivorship Bias: Entrepreneurship looks easy, because there are so many successful entrepreneurs out there. However, this is a cognitive bias: the successful entrepreneurs are the ones still around, while the millions who failed went and did other things.

5. Gambler’s Fallacy: A venture capitalist sees a portfolio company rise and rise in value after its IPO, far behind what he initially thought possible. Instead of holding on to a winner and rationally evaluating the possibility that appreciation could still continue, he dumps the stock to lock in the existing gains.

This post was first published in 2017. We have since updated it, adding in new content for 2021.

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Maps

Mapped: The World’s Wettest and Driest Countries

From tropical rainforests to the sandy deserts of North Africa, the world’s wettest and driest countries are a study in contrasts.

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A cropped map of the wettest and driest countries in the world along with their average annual precipitation in millimeters.

Where are the World’s Wettest and Driest Countries?

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

From tropical rainforest nations to the sandy deserts of North Africa and the Middle East, the world’s wettest and driest countries are a study in contrasts.

We map and rank the countries that receive the highest and lowest average annual precipitation in millimeters, per latest data from the World Bank.

Ranked: Top 10 Wettest Countries

Colombia tops the list of nations with the highest average precipitation at 3,240 millimeters (128 inches) in a year.

Its Tutunendo district is the one of the world’s wettest places, averaging nearly 12,000 mm (463 inches) of rain annually.

RankCountryAverage Annual
Precipitation (mm)
1Colombia3,240
2Sao Tome & Principe3,200
3Papua New Guinea3,142
4Solomon Islands3,028
5Panama2,928
6Costa Rica2,926
7Samoa2,880
8Malaysia2,875
9Brunei2,722
10Indonesia2,702

Note: Figures are rounded.

Off the coast of Africa however, Sao Tome & Principe is not far behind Colombia, receiving about 3,200 mm of rain in 2020.

Papua New Guinea and the Solomon Islands also average more than 3,000 mm of rain in a year, and Panama (2,928 mm) rounds out the top five.

Noticeably, all 10 countries lie in close proximity to the equator, and near oceans, where rising hot and humid air leads to abundant rainfall.

Ranked: Top 10 Driest Countries

On the other end of the scale, Egypt records the lowest average annual rainfall across all countries, at 18 mm (0.7 inches). For comparison, Colombia receives nearly 180x the amount of rain Egypt does.

RankCountryAverage Annual
Precipitation (mm)
1Egypt18
2Libya56
3Saudi Arabia59
4Qatar74
5UAE78
6Bahrain83
7Algeria89
8Mauritania92
9Jordan111
10Kuwait121

Note: Figures are rounded.

In fact, countries from North Africa and the Middle East make up the entirety of this list of the driest countries in the world.

Learn More About Rainfall From Visual Capitalist

If you enjoyed this post, be sure to check out Mapping the Unequal Distribution of Global Precipitation which divides the world into two halves: one that receives more than global average of rain (or snow), and one that receives less.

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Visualizing Asia's Water Dilemma

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