Top Cognitive Biases hampering your decision making skills
Top Cognitive Biases hampering your decision making skills
Think of sales where the original price serves as an anchor and the discounted one suddenly doesn't seem that bad.
Think of sales where the original price serves as an anchor and the discounted one suddenly doesn't seem that bad.
Anchoring Bias
Assuming a well-dressed person is also more competent.
Assuming a well-dressed person is also more competent.
Halo Effect
The opposite of the halo effect—allowing a single negative trait to disproportionately affect your perception.
The opposite of the halo effect—allowing a single negative trait to disproportionately affect your perception.
Horn Effect
when someone becomes excessively afraid of swimming in the ocean after hearing news of a recent shark attack, even though the actual risk of a shark attack is statistically very low, essentially overestimating the danger due to the recent event being fresh in their mind
when someone becomes excessively afraid of swimming in the ocean after hearing news of a recent shark attack, even though the actual risk of a shark attack is statistically very low, essentially overestimating the danger due to the recent event being fresh in their mind
The Recency Effect
Assuming that because one event follows another, the first caused the second.
Assuming that because one event follows another, the first caused the second.
False Cause Fallacy
Read a Complete list of 21 biases and fallacies which hampers decision making.
Read a Complete list of 21 biases and fallacies which hampers decision making.
Read more