Sitemap

Distinction bias

When evaluating between two options, we view them as very different - as compared to evaluating them separately(we would have evaluated them very close to each other).

Tagged With: Cognitive Bias, Information Overload, Change is Noticed,

Denomination effect

Less likely to spend a large denomination currency than the equal value in smaller notes.

Tagged With: Cognitive Bias, Need for Meaning, Simplification of Probability and Numbers,

Cryptomnesia

We some times remember something that was forgotten - but we think that is an original thought that we made.

Tagged With: Cognitive Bias, What to remember, We edit memories, memory, memory-bias,

Clustering illusion

Belief that streaks or clusters in parts of random data are non-random.

Tagged With: Cognitive Bias, Need for Meaning, Find patterns with little data,

Ambiguity effect

We prefer options with known probability over options with unknown probability even if the payout is smaller in the known option.

Tagged With: Cognitive Bias, Avoid Irreversible decisions, Simple or complete over complex, ambiguous,

Third-person effect

We think that mass media affects other people more than it affects us.

Tagged With: Cognitive Bias, Feel important and impactful, Need to Act fast,

Status quo bias

We prefer the current situation. We tend to think it is better than other alternatives.

Tagged With: Cognitive Bias, Need to Act fast, Want to have autonomy and status, emotional-bias,

Pessimism bias

We exaggerate the probability of bad things happening to us.

Tagged With: Cognitive Bias, Need for Meaning, Current mind state is projected,

Information bias

We want to search for information even when it does not affect the decision.

Tagged With: Cognitive Bias, Avoid Irreversible decisions, Simple or complete over complex, ambiguous,

IKEA effect

We value things much higher if we created them(even partially).

Tagged With: Cognitive Bias, Need to Act fast, We want to finish things,