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Prospect theory

We prefer to avoid making a loss over making a profit of the same value.

Tagged With: behaviour, Behavioral finance, behavioural-economics,

Publication bias

Bias that favours positive results in published academic research.

Tagged With: Cognitive Bias, Information Overload, Bizarre/funny is more noticeable,

Prejudice

Prejudice is a preconceived(usually unfavourable) assignment of qualities to members of an out group.

Tagged With: Cognitive Bias, What to remember, Discard specifics for generalizations,

Planning fallacy

We underestimate time required to finish a task.

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

Pareidolia

Seeing a pattern/meaning where there is none.

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

Naive Cynicism

Expecting others to be biased all the time.

Tagged With: Cognitive Bias, Information Overload, Notice flaws in others,

Naive realism

Belief that our view of the world is objective, and people who disagree are irrational/biased/misinformed.

Tagged With: Cognitive Bias, Information Overload, Notice flaws in others,

Negativity bias

Negative stimuli have bigger impact on the mental state.

Tagged With: Cognitive Bias, Information Overload, Bizarre/funny is more noticeable,

Next-in-line effect

We tend to forget things that happened just before we have to perform something.

Tagged With: Cognitive Bias, What to remember, Store memory differently based on the experience,