Cognitive biases are systematic patterns of deviation from norm or rationality in judgment, where individuals create their own 'subjective reality' from their perception of the input. These biases affect decision-making processes, leading individuals to draw erroneous conclusions based on their experiences, emotions, and preconceived notions. Understanding cognitive biases is crucial in analyzing ethical theories and decision-making models, as they can significantly influence the choices individuals make and the outcomes of those decisions.
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