Belief that if it's possible, then it's probable.
Published on 8 months ago
We tend to overvalue the specific information - rather than integrating it with general information like the base rate.
Published on 8 months ago
People don't easily change existing belief even when presented with new evidence.
Published on 8 months ago
Less likely to spend a large denomination currency than the equal value in smaller notes.
Published on 8 months ago
It always takes longer than you expect, even when you take into account Hofstadter's Law. It describes the widely experienced difficulty of…
Published on 8 months ago
It describes the widely experienced difficulty of accurately estimating the time it will take to complete tasks of substantial complexity.
Published on 8 months ago
Number of items that can be held in short term memory: 7 +/- 2
Published on 8 months ago
People tend to assign subjective value to money - this is susceptible to biases, thinking flaws.
Published on 8 months ago
People mistake the face value of money(the amount of money) with the real value(what it can buy).
Published on 8 months ago