The Impact of Cognitive Biases on Professionals’ Decision-Making: A Review of Four Occupational Areas
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Abstract
The author reviewed the research on the impact of cognitive biases on professionals’ decision-making in four occupational areas (management, finance, medicine, and law). Two main findings emerged. First, the literature reviewed shows that a dozen of cognitive biases has an impact on professionals’ decisions in these four areas, overconfidence being the most recurrent bias. Second, the level of evidence supporting the claim that cognitive biases impact professional decision-making differs across the areas covered. Research in finance relied primarily upon secondary data while research in medicine and law relied mainly upon primary data from vignette studies (both levels of evidence are found in management). Two research gaps are highlighted. The first one is a potential lack of ecological validity of the findings from vignette studies, which are numerous. The second is the neglect of individual differences in cognitive biases, which might lead to the false idea that all professionals are susceptible to biases, to the same extent. To address that issue, we suggest that reliable, specific measures of cognitive biases need to be improved or developed.
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These biases stem from innate psychological tendencies and can potentially lead to misjudgments and suboptimal outcomes in patient care.
“These biases stem from innate psychological tendencies and can potentially lead to misjudgments and suboptimal outcomes in patient care [2-4].”
From Mitigating cognitive biases in clinical decision-making through multi-agent conversations using large language models: simulation study (2024) · cites this paper as [3]
The Introduction describes cognitive biases as systematic errors that can arise from common mental shortcuts. The Medicine section reports associations with diagnostic inaccuracies and treatment or management errors, supporting the potential for poor patient-care decisions. The paper does not establish that these tendencies are innate. (LLM, conf=0.84)
Experimental — accuracy not yet measuredCognitive bias impacts each and every aspect of the justice and legal systems, from police attending the crime scene through forensic examination to jurors' verdicts and judges' sentencing.
“It impacts each and every aspect of the justice and legal systems, from the initial engagement of police officers attending the crime scene, through the forensic examination, and all the way to the final outcome of the jurors’ verdict and the judges’ sentencing.”
From Biased and biasing: the hidden bias cascade and bias snowball effects (2025) · cites this paper as Berthet, 2022
The Justice section describes confirmation bias in criminal investigations involving police officers, bias in jurors’ decisions, and anchoring effects in judges’ sentencing. It does not establish that bias affects every aspect of the justice system, and the passages found do not address police attendance at crime scenes or bias during forensic examination. (LLM, conf=0.87)
Experimental — accuracy not yet measuredBias impacts different elements of the justice and legal systems given the human role and subjectivity in policing, eyewitnesses' accounts, jurors' decision making, and judges' sentencing.
“Given the human role and subjectivity in policing, eyewitnesses’ accounts, jurors’ decision making, and judges’ sentencing, it is not surprising that bias impacts the different elements of the justice and legal systems”
From Biased and biasing: the hidden bias cascade and bias snowball effects (2025) · cites this paper as Berthet, 2022
The Justice section describes confirmation bias in criminal investigations involving police officers and judges, bias in jurors’ decisions, and anchoring effects in judges’ sentencing. It does not address bias in eyewitnesses’ accounts, so the full list of legal-system elements is not supported. (LLM, conf=0.85)
Experimental — accuracy not yet measuredBias plagues the justice and legal systems from initial police officers arriving at a crime scene, through lawyers and evidence in court, to jurors' decisions and judges' sentencing, and even later at parole boards.
“Bias plagues the justice and legal systems from the initial police officers arriving at a crime scene, through the lawyers and the evidence presented in court, all the way to the jurors’ decision and the judges’ sentencing, and even later at parole boards”
From Biased and biasing: the hidden bias cascade and bias snowball effects (2025) · cites this paper as Berthet, 2022
The Justice section (page unavailable) discusses confirmation bias in criminal investigations involving police officers and judges, bias in jurors’ decisions, and anchoring in judges’ sentencing. It does not address officers arriving at a crime scene or bias in parole-board decisions, so the claim’s account of bias across the entire process goes beyond the review. (LLM, conf=0.86)
Experimental — accuracy not yet measuredThe justice and legal systems are plagued with bias.
“It is well established that the justice and legal systems are plagued with bias.”
From Biased and biasing: the hidden bias cascade and bias snowball effects (2025) · cites this paper as Berthet, 2022
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- Authors
- Berthet, V.
- Corresponding author
- Berthet, Vincent
- ORCID
- Berthet, Vincent
- Venue
- Frontiers in Psychology
- Publisher
- Frontiers Media SA
- Published
- 2022-01-04
- Volume
- 12
- Pages
- 802439-802439
- ISSN
- 1664-1078 (ISSN-L)
- PMC
- PMC8763848
- OpenAlex
- W4205738731
- Cited by
- 191
- References
- 128
- Citations by year
- 2026: 45 · 2025: 64 · 2024: 31 · 2023: 30 · 2022: 20 · 2021: 1
- FWCI
- 5.44
- Type
- journal article
- Language
- en
- Open access
- gold
- doi.org
- Licence
- Locations
- Frontiers in Psychology (publishedVersion, cc-by)
- PubMed Central (publishedVersion, cc-by)
- PubMed (publishedVersion)
- HAL (submittedVersion, cc-by)
- RePEc: Research Papers in Economics (submittedVersion)
- DOAJ (DOAJ: Directory of Open Access Journals) (submittedVersion, cc-by-sa)
- OSF Preprints (OSF Preprints) (submittedVersion)
- Topics
- Social Sciences › Decision Sciences › General Decision Sciences › Decision-Making and Behavioral Economics
- Health Sciences › Medicine › Family Practice › Clinical Reasoning and Diagnostic Skills
- Social Sciences › Decision Sciences › Management Science and Operations Research › Leadership, Behavior, and Decision-Making Studies
- Keywords
- cognitive biases, professional decision-making, overconfidence, vignette study, ecological validity, individual differences, bias measurement, level of evidence
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
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