Jay Daverth's Quotes

in Cognitive Biases

Von Restorff effect – the tendency for an item that "stands out like a sore thumb" to be more likely to be remembered than other items.

in Cognitive Biases

Wishful thinking – the formation of beliefs and the making of decisions according to what is pleasing to imagine instead of by appeal to evidence or rationality.

in Cognitive Biases

Zero-risk bias – preference for reducing a small risk to zero over a greater reduction in a larger risk.

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).