Cognitive Biases

in Cognitive Biases

Money illusion – the tendency to concentrate on the nominal (face value) of money rather than its value in terms of purchasing power.

in Cognitive Biases

Moral credential effect – the tendency of a track record of non-prejudice to increase subsequent prejudice.

in Cognitive Biases

Need for Closure – the need to reach a verdict in important matters; to have an answer and to escape the feeling of doubt and uncertainty. The personal context (time or social pressure) might increase this bias.

in Cognitive Biases

Negativity bias – the tendency to pay more attention and give more weight to negative than positive experiences or other kinds of information.

in Cognitive Biases

Neglect of probability – the tendency to completely disregard probability when making a decision under uncertainty.

in Cognitive Biases

Normalcy bias – the refusal to plan for, or react to, a disaster which has never happened before.

in Cognitive Biases

Omission bias – the tendency to judge harmful actions as worse, or less moral, than equally harmful omissions (inactions).

in Cognitive Biases

Outcome bias – the tendency to judge a decision by its eventual outcome instead of based on the quality of the decision at the time it was made.

in Cognitive Biases

Planning fallacy – the tendency to underestimate task-completion times.

in Cognitive Biases

Impact bias – the tendency to overestimate the length or the intensity of the impact of future feeling states.