Word of the Day: Cognition

cog-ni-tion / kŏg-nĭsh-ən
1. the mental process of perceiving, learning and reasoning
Cognition requires going beyond the information given, to make bets and therefore to risk errors.
Gerd Gigerenzer, 1947 –
2. knowledge, acquired through, or based on, personal view or experience
Forgetting your mistakes is a terrible error if you are trying to improve your cognition. 
Charlie Munger, 1924 –
From the Latin noun cognitio(an acquiring of knowledge, knowledge, idea, inquiry), which is derived from the Latin verb cognosco, cognoscere, cognovi, cognitus ( become acquainted with, acquire knowledge, learn, perceive, understand).
Thank you, Allen Ward, for providing this etymology.