Biases are mental shortcuts that help you process information and make sense of the world, based on your past experiences, beliefs, emotions, and preferences. These can help you simplify complex situations, avoid information overload, and act quickly; however, they can also lead to ignoring relevant facts, jumping to conclusions, and making errors. For example, confirmation bias leads you to seek out information that confirms your existing opinions and beliefs while dismissing or avoiding contradictory information. Anchoring bias causes you to rely too much on the first piece of information you receive and adjust your subsequent judgments based on it. Framing bias is when you are influenced by the way information is presented rather than its content or logic. Availability bias is when you judge the likelihood or importance of something based on how easily you can recall examples or instances from your memory. Lastly, hindsight bias is when you overestimate your ability to predict or prevent an outcome after it has already happened.