The original definition of the word “bias,” when it entered the English language in the 16th century, was a diagonal line, and specifically one that cut across the warp or weft of a woven fabric. It ...

Learn how outcome bias affects decision-making by focusing on results over process. Discover examples in investing, gambling, and business to improve financial decisions.

The self-serving bias is defined as people's tendency to attribute positive events to their own character but attribute negative events to external factors. It's a common type of cognitive bias that ...