Out of the 188 cognitive biases that exist, there is a much narrower group of biases that has a disproportionately large effect on the ways we do business. These are things that affect workplace culture, budget estimates, deal outcomes, and our perceived return on investments within the company. Mental mistakes such as these can add up quickly, and can hamper any organization in reaching its full bottom line potential. Today's infographic from Raconteur aptly highlights 18 different cognitive bias examples that can create particularly difficult challenges for company decision-making. Financial biases These are imprecise mental shortcuts we make with numbers, such as hyperbolic discounting – the mistake of preferring a smaller, sooner payoff instead of a larger, later reward.