Judgment and Decision Making refers to the process by which individuals evaluate information and choose between different options. This involves assessing risks, benefits, and potential outcomes based on available data and personal experiences. People often rely on cognitive shortcuts, known as heuristics, to simplify complex decisions, but these can sometimes lead to biases or errors in judgment.
In everyday life, we constantly make decisions, from choosing what to eat to selecting a career path. Understanding how cognitive biases influence our choices can help improve our decision-making skills and lead to better outcomes in both personal and professional situations.