Jay Daverth's Quotes

in Cognitive Biases

Ambiguity effect – the tendency to avoid options for which missing information makes the probability seem "unknown."

in Cognitive Biases

Anchoring effect – the tendency to rely too heavily, or "anchor," on a past reference or on one trait or piece of information when making decisions (also called "insufficient adjustment").

in Cognitive Biases

Attentional bias – the tendency to neglect relevant data when making judgments of a correlation or association.

in Cognitive Biases

Authority bias – the tendency to value an ambiguous stimulus (e.g., an art performance) according to the opinion of someone who is seen as an authority on the topic.

in Cognitive Biases

Availability heuristic – estimating what is more likely by what is more available in memory, which is biased toward vivid, unusual, or emotionally charged examples.

in Cognitive Biases

Availability cascade – a self-reinforcing process in which a collective belief gains more and more plausibility through its increasing repetition in public discourse (or "repeat something long enough and it will become true").

in Cognitive Biases

Restraint bias - the tendency to overestimate one's ability to show restraint in the face of temptation.

in Cognitive Biases

Selective perception – the tendency for expectations to affect perception.

in Cognitive Biases

Semmelweis reflex – the tendency to reject new evidence that contradicts an established paradigm.

in Cognitive Biases

Status quo bias – the tendency to like things to stay relatively the same (see also loss aversion, endowment effect, and system justification).