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Why Should We Study the Foreign Language Effect: Debiasing through Affecting Metacognition?
1Psychology of Management Unit, Institute of Psychology, University of Wroclaw, 50-527 Wrocław, Poland.
Abstract:
Debiasing is a method of improving people's decisions by reducing their reliance on salient intuitions causing them to behave suboptimally or biasedly. However, many of the known debiasing techniques have limited effectiveness or can only remedy a one-shot decision, rather than having a lasting impact. In this work, I focus on the role of metacognition in debiasing decision-making and discuss how it can be better understood through the lens of the foreign language effect. The foreign language effect suggests that using a foreign language can sometimes benefit people's decision-making without providing them with additional information or instructions regarding the task. However, we do not fully understand how the foreign language effect works and its limitations. I conclude by urging scientists to research this effect with the hope of having a lasting positive impact on society.
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