Cognitive biases significantly influence economic decision-making, impacting how individuals and businesses assess risks and rewards. Understanding these biases can enhance investment strategies and improve financial outcomes. This article delves into various cognitive biases, such as overconfidence and loss aversion, and explores their implications on economic behaviour. By recognizing these patterns, you can make more informed decisions, mitigate financial risks, and foster better investment practices. As economic landscapes evolve, awareness of cognitive biases becomes essential for success. Discover how to navigate these biases for more rational financial choices.