A. A. Vikhman, A. Yu. Popov
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It has been found out in cognitive studies that when making decisions people are inclined to use automatic cognitive mechanisms, namely heuristics and cognitive biases, instead of following normative models (logic, statistics, expected utility theory, etc.). Today there is no single empirically based structural model of cognitive biases and heuristics. Also there is no understanding as to how various biases interact with each other, whether they comprise a single phenomenon or compensatory relations exist among them. The article presents the fist empirical data on the relations among 16 wide-spread cognitive biases (n = 65). The authors come to the conclusion that there is no single latent factor of cognitive biases. Rather, some compensatory mechanisms are evident in their interaction.
Key words: cognitive biases, heuristics, systems of thinking, correlations.
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