Cognitive Bias
nouncog·ni·tive bi·aspronounced KOG-nih-tiv BY-əs
Last reviewed 16 April 2026
What does the noun Cognitive Bias mean?
A systematic pattern of deviation from rational judgement, where your brain takes mental shortcuts that can lead to errors in decision-making. Anchoring is one of many cognitive biases identified by behavioural psychology research.
How the noun Cognitive Bias is used
Understanding cognitive biases like anchoring helped us avoid overpaying at auction just because the agent quoted a high guide price.
Related words
Cite this entry
MLA citation: "Cognitive Bias." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/cognitive-bias. Accessed 29 May 2026.
Chicago citation: How to Property. "Cognitive Bias." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/cognitive-bias.
APA citation: How to Property. (2026, April 16). Cognitive Bias. https://howtoproperty.com.au/definitions/cognitive-bias