Every Single Cognitive Bias in One Infographic
Connect with us

Misc

Every Single Cognitive Bias in One Infographic

Published

on

View a high resolution version of this graphic

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.

Subscribe to Visual Capitalist
Click for Comments

Misc

Mapped: Second Primary Languages Around the World

This fascinating map highlights the second most commonly spoken primary language in almost nearly every country.

Published

on

Second Languages Around the World Shareable

Mapped: Second Primary Languages Around the World

After the primary language, what second languages are used as native tongues in your country?

The answer reveals a lot about history and location. Whether through immigration, colonization, or local culture, a primary language can either spread around the world or remain rooted in place.

This map from MoveHub shows the second most commonly spoken primary language in most countries, using data from the CIA World Factbook and Wikipedia as of February 2021.

The Difference Between Primary and Secondary Languages

First, it’s important to differentiate between primary languages and secondary languages.

A primary language—also known as a first or native language—is the language we use most frequently to communicate. These are languages we are usually born with, have a lot of exposure to, and use at home.

On the other hand, a secondary language is one we learn or pick up after our primary language. In many countries, English is the most commonly learned, with close to 1 billion speakers.

But a map of common second languages can simply show just how many countries prioritize learning English, the de-facto international language in many organizations. Instead, this map highlights the movement of people by showing the second-most common primary language.

The Second Most Common Primary Languages by Country

Even when filtering by primary language use, however, English and other Indo-European languages dominate the world.

With 55 countries speaking it as the second-most common primary language, English came out on top.

Top 10 Most Popular Second Primary LanguagesNumber of Countries
English55
French14
Russian13
Spanish8
Creole8
Arabic6
Kurdish4
Portugese4
Italian3
Quechua3

The use of English as a second primary language was primarily concentrated in Western Europe, Northern Africa, and Southeast Asia and Oceania.

Similarly to second-place French with 14 countries and third-place Russian with 13 countries, English was most common in proximity to English-speaking countries or where there was a history of immigration.

Other second-most common primary languages highlighted different cultures within countries, such as China’s second-most common language Cantonese. Alternatively, they showed the primary indigenous language before colonization, such as the Quechua languages in South America.

What other interesting or surprising language patterns can you spot in the map above?

Continue Reading

Green

Mapped: Human Impact on the Earth’s Surface

This detailed map looks at where humans have (and haven’t) modified Earth’s terrestrial environment. See human impact in incredible detail.

Published

on

human impact on earths surface

Mapped: Human Impact on the Earth’s Surface

With human population on Earth approaching 8 billion (we’ll likely hit that milestone in 2023), our impact on the planet is becoming harder to ignore with each passing year.

Our cities, infrastructure, agriculture, and pollution are all forms of stress we place on the natural world. This map, by David M. Theobald et al., shows just how much of the planet we’ve now modified. The researchers estimate that 14.6% or 18.5 million km² of land area has been modified – an area greater than Russia.

Defining Human Impact

Human impact on the Earth’s surface can take a number of different forms, and researchers took a nuanced approach to classifying the “modifications” we’ve made. In the end, 10 main stressors were used to create this map:

  1. Built-Up Areas: All of our cities and towns
  2. Agriculture: Areas devoted to crops and pastures
  3. Energy and extractive resources: Primarily locations where oil and gas are extracted
  4. Mines and quarries: Other ground-based natural resource extraction, excluding oil and gas
  5. Power plants: Areas where energy is produced – both renewable and non-renewable
  6. Transportation and service corridors: Primarily roads and railways
  7. Logging: This measures commodity-based forest loss (excludes factors like wildfire and urbanization)
  8. Human intrusion: Typically areas adjacent to population centers and roads that humans access
  9. Natural systems modification: Primarily modifications to water flow, including reservoir creation
  10. Pollution: Phenomenon such as acid rain and fog caused by air pollution

The classification descriptions above are simplified. See the methodology for full descriptions and calculations.

A Closer Look at Human Impact on the Earth’s Surface

To help better understand the level of impact humans can have on the planet, we’ll take a closer look three regions, and see how the situation on the ground relates to these maps.

Land Use Contrasts: Egypt

Almost all of Egypt’s population lives along the Nile and its delta, making it an interesting place to examine land use and human impact.

egypt land use impact zone

The towns and high intensity agricultural land following the river stand out clearly on the human modification map, while the nearby desert shows much less impact.

Intensive Modification: Netherlands

The Netherlands has some of the heavily modified landscapes on Earth, so the way it looks on this map will come as no surprise.

netherlands land use impact zone

The area shown above, Rotterdam’s distinctive port and surround area, renders almost entirely in colors at the top of the human modification scale.

Resource Extraction: West Virginia

It isn’t just cities and towns that show up clearly on this map, it’s also the areas we extract our raw materials from as well. This mountainous region of West Virginia, in the United States, offers a very clear visual example.

west virginia land use impact zone

The mountaintop removal method of mining—which involves blasting mountains in order to retrieve seams of bituminous coal—is common in this region, and mine sites show up clearly in the map.

You can explore the interactive version of this map yourself to view any area on the globe. What surprises you about these patterns of human impact?

Continue Reading

Subscribe

Popular