Question

List 5 ot the cons dis advantages

Answer 1

1. Vulnerable to cognitive biases. Cognitive biases are common patterns of thinking that have been demonstrated to lead to errors in judgment and poor decision making. Unfortunately, the same simplicity that makes a pros-and-cons list so appealing creates many opportunities for a host of cognitive biases to emerge, including:

2. Framing effect. Pros-and-cons lists generally are about evaluating two alternatives: a “thumbs up or thumbs down” scenario and an example of “nar

row framing,” a bias created by overly constraining the set of possible outcomes.

3. Overconfidence effect. A well-established cognitive bias is the tendency of individuals to overestimate the reliability of their judgments. When creating a pros-and-cons lists, it is likely that many people assume a level of accuracy in their assessment of pros and cons that simply isn’t there.

4. Illusion of control. When faced with the task of envisioning possible outcomes, a common bias is to believe that one can control outcomes that in reality are not controllable.