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Cognitive Biases: Difference between revisions
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# '''[[Self-serving bias|Self-serving Bias]]''' - the tendency people have to seek out information and use it in ways that advance their self-interest. | # '''[[Self-serving bias|Self-serving Bias]]''' - the tendency people have to seek out information and use it in ways that advance their self-interest. | ||
# '''[[Availability Bias|Availability Heuristic]]'''<ref>https://www.goodreads.com/book/show/11468377-thinking-fast-and-slow</ref> - people tend to use the ease with which they can think of examples when making decisions. | # '''[[Availability Bias|Availability Heuristic]]'''<ref>https://www.goodreads.com/book/show/11468377-thinking-fast-and-slow</ref> - people tend to use the ease with which they can think of examples when making decisions. | ||
#[[Fundamental attribution error|'''Fundamental attribution error''']] - an individual's tendency to attribute another's actions to their character or personality | #[[Fundamental attribution error|'''Fundamental attribution error''']] - an individual's tendency to attribute another's actions to their character or personality while attributing their behaviour to external situational factors outside of their control. | ||
#[[Optimism bias|'''Optimism Bias''']] - you feel likely to experience a negative event relative to others. | #[[Optimism bias|'''Optimism Bias''']] - you feel likely to experience a negative event relative to others. | ||
#[[Additive Bias|'''Additive Bias''']] - we may be biased toward adding more things—more resources, more rules, more habits and responsibilities—rather than the opposite. | #[[Additive Bias|'''Additive Bias''']] - we may be biased toward adding more things—more resources, more rules, more habits and responsibilities—rather than the opposite. | ||
#[[Rosy Retrospection Bias|'''Rosy Retrospection Bias''']] - people overestimate the good aspects of the past. | #[[Rosy Retrospection Bias|'''Rosy Retrospection Bias''']] - people overestimate the good aspects of the past. | ||
#'''[[Sunk Cost Fallacy]]''' - whereby a person is reluctant to abandon a strategy or course of action because they have invested heavily in it, even when it is clear that abandonment would be more beneficial. | #'''[[Sunk Cost Fallacy]]''' - whereby a person is reluctant to abandon a strategy or course of action because they have invested heavily in it, even when it is clear that abandonment would be more beneficial. | ||
#[[The Diderot Effect|'''The Diderot Effect''']] - perhaps linked to the confirmation bias where we surround ourselves with information the | #[[The Diderot Effect|'''The Diderot Effect''']] - perhaps linked to the confirmation bias where we surround ourselves with information the confirms preexisting beliefs. The Diderot effect takes this into the physical realm, we generally surround ourselves with objects that fit our current sense of identity. | ||
#'''[[The singularity effect|The Singularity Effect]]''' - we care disproportionately about an individual as compared to a group. | #'''[[The singularity effect|The Singularity Effect]]''' - we care disproportionately about an individual as compared to a group. | ||
#'''[[Status Quo Bias]]''' - our brains are lazy it is difficult for us change long held beliefs because of [[cognitive dissonance]]. | #'''[[Status Quo Bias]]''' - our brains are lazy, and it is difficult for us to change long held beliefs because of [[cognitive dissonance]]. | ||
#'''[[Present Bias]]''' - we are hardwired to choose a smaller gain today than a larger gain tomorrow. | #'''[[Present Bias]]''' - we are hardwired to choose a smaller gain today than a larger gain tomorrow. | ||
#'''Anchoring Effect''' - the common human tendency to rely too heavily on the first piece of information offered (the “anchor”) when making decisions. | #'''Anchoring Effect''' - the common human tendency to rely too heavily on the first piece of information offered (the “anchor”) when making decisions. | ||