Cognitive Bias

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Delving into the Concepts of Cognitive Biases
In simple terms, cognitive biases are part of the fields of psychology and behavioral economics that explains a person’s perception of ideologies based on his experience. In most cases, a person tends to hold on his own beliefs regardless of the contrasting opinions that may be presented to them by say a new environment or a new line of reasoning. This sentiment is best described by Henrik Ibsen through his main protagonist Dr. Stockman when he says, “The strongest man is he who stands alone” (Ibsen, 16). In the recent US Presidential campaigns, the incumbent President, His Excellency, Donald Trump, by then, was criticized by most supporters who gave Mrs. Hillary Clinton the nod. Each person’s opinion could later be expressed through a democratic voting process. Agreeable, a cognitive bias is all about a mind already made up. For instance, if one has identified a cropping issue, they should go for it, after all, personal goals are meant to be achieved. In the acknowledgment, piece by piece, psychologists like Abraham Maslow, have explored into the dynamics of such perceptions. Most of the positive psychologists suggested many ways of bringing happiness to one’s life because, positive psychology reflects on every aspect that enhances the greatest value in life, a situation known as eudemonia. Grasping of information can all go wrong when a person holds on his belief, turning a blind eye to the eminent sad reality.

To some larger extent, a cognitive bias is vital. Most people love to fully express themselves without any foreign influences thus, in the long-term, a person normally feels confident to the fact that, indeed, they made it on their own. In most cases, the biases committed are not known to people to whom they affect. On this particular subject, people do not want to be compared to robots which are programmed to follow a particular routine or path of activity. Despite this, the concept of cognitive bias brings about the question where exactly do these cognitive biases originate from? Emotional motivations, social influence, mental noise, and heuristic are the main elements of cognitive biases.
Analysis of a Gambler’s Fallacy- Why people respond to issues in disguise of one’s desires
In addition, mindfulness refers to a period when the mind is wholly attending to the current happenings. In simple terms, it’s an act of meditation since the mind takes a flight and, before a person knows it, he is engrossed into excessive thoughts about the past or future happenings, enhancing the current decision-making process.
The Rudiments of the Gambler’s Fallacy
A gambler’s fallacy is also referred to as the Monte Carlo fallacy. In the acknowledgment, in the US, until today, the emergence of betting and lotto firms have been witnessed. For example, BOVADA, GT BETS, topbet, 5Dimes, and SPORTSBETTING. With the technological advancements, betting firms have not been left behind either. Gamblers can now play online, just at the comfort of their home and, agreeable, a person needs only a smartphone or a laptop. This has a prompted to a belief among players that, gambling, indeed is a fair game rather a 100% risk. Furthermore, a gambler is freed from external interferences like the roaring of a car in town.
Why people respond to the issue the way they want to
Both internal and external attributions are major factors behind the formulation of a person’s perception. In a sporting game, for instance, a gambler in his last multiple bets may be missing only on one game to go. Christopher Martin, a personal friend and, a 2nd-year student at the University of McMaster, is focused on rectifying the problem in the next weekend’s gaming fixtures. In a random turn of events, there are moments of give-and-take. For example, most participants of the USA Green Card Lottery believe that one has to be in it, in order to win it. In subsequent, for Kaltschmidt and Smith, there was a constant belief that their time was coming and, it came to pass after audaciously winning 533 million US Dollars on the USAMega Lotto. To them, the package meant only one thing, an early retirement. It is clear that most people are aware of the probability the past outcomes might have on the future events. However all is not lost, the chance is normally a 50/50 one. That is the reason as to why, until recently, gambling has become an active game in the US. In relation to this, a positive expectation bias demonstrates that one need not worry since his day shall come (Synder, 26). In respect to such a fallacy, a person is even at a greater risk to consistently loose bets, drawing a heated debate from other people, who compare betting firms to ‘smaller worthless gods’.
According to Michelle Morgan, an American citizen living in Virginia, she was forced to divorce her husband of ten years after he had lost all their assets to his costly gambling habit. In positive psychology, a period when a person is able to realize his potential is referred to as self-actualization. Consequently, according to a psychologist, Abraham Maslow, self-actualization, which is centrally located in his designed hierarchy of needs, represents an urge in fulfilling a person’s potentiality. In the long-term, this brings some element of happiness to everyone (Ivtzan, 3).

Works Cited
Ibsen, Henrik. An enemy of the people. Courier Corporation, 2012.
Snyder, Charles R., and Shane J. Lopez, eds. Oxford handbook of positive psychology. Oxford University Press, USA, 2009.
Ivtzan, Itai. “Mindfulness in Positive Psychology.” Mindfulness in Positive Psychology: The Science of Meditation and Wellbeing 1 (2016).