This paper stresses the importance of biases in the field of artificial intelligence (AI) in two regards. First, in order to foster efficient algorithmic decision-making in complex, unstable, and uncertain real-world environments, we argue for the structurewise implementation of human cognitive biases in learning algorithms. Secondly, we argue that in order to achieve ethical machine behavior, filter mechanisms have to be applied for selecting biased training stimuli that represent social or behavioral traits that are ethically desirable. We use insights from cognitive science as well as ethics and apply them to the AI field, combining theoretical considerations with seven case studies depicting tangible bias implementation scenarios. Ultimately, this paper is the first tentative step to explicitly pursue the idea of a re-evaluation of the ethical significance of machine biases, as well as putting the idea forth to implement cognitive biases into machines.