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A Neural Network Framework for Cognitive Bias

A Neural Network Framework for Cognitive Bias

Human decision-making shows systematic simplifications and deviations from the tenets of rationality (‘heuristics’) that may lead to suboptimal decisional outcomes (‘cognitive biases’).   There are currently three prevailing theoretical perspectives on the origin of heuristics and cognitive biases: a cognitive-psychological an ecological an evolutionary perspective However, these perspectives are mainly descriptive and none of them provides an overall explanatory framework for the underlying mechanisms of cognitive biases.   To enhance our understanding of cognitive heuristics and biases we propose a neural network framework for cognitive biases, which explains why our brain systematically tends to default to heuristic (‘Type 1’) decision...

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