People generally believe that they are mostly rational in their thinking, decisions, and actions. But even the smartest and best educated people often commit cognitive errors as they make financial, medical, personal and ethical decisions. These errors in thinking, also called cognitive bias, affect all people in virtually every situation.

This video is part of Ethics Defined, an animated library of more than 50 ethics terms and concepts from Ethics Unwrapped, available at ethicsunwrapped.utexas.edu/gl...

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