We discount the value of a reward given later by a factor of the delay in getting the reward.
There is a significant difference in how we act in an emotionally charged state(hot state) when compared to your normal state(cold).
People over-rely on their initial hypothesis.
We tend to spend more time on figuring out trivial things rather than spending time on the important things.
We judge arguments based on the probability of the conclusion rather than how strongly the argument supports the conclusion.
Choices are affected by an anchor.
There are times when we can't recall a word from memory - even though we think that we are close to remembering it.
We are able to recollect items or events in the order they are given.
If we see an innovation at work, we tend to believe that it can be applied everywhere without need of alterations.
A nocebo effect is said to occur when negative expectations of the patient regarding a treatment cause the treatment to have a more negative effect than it otherwise would have.