Definition of 'Cognitive Bias'
An umbrella term that refers to the systematic ways in which the context and framing of information influence individuals' judgment and decision-making.
Behavioral Biases affect reasoning processes, economic decisions, how beliefs are formed, and human behavior.
Social Biases are those that involve the influence of other people.
Memory Biases are those that enhance or impair the ability to recall a memory, or that alters an existing memory.