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Cognitive Biases: Difference between revisions
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* '''[[Bandwagon Effect]]''' (aka ''Groupthink'' or ''conformity bias'') - occurs within a group of people, in which the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome. | * '''[[Bandwagon Effect]]''' (aka ''Groupthink'' or ''conformity bias'') - occurs within a group of people, in which the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome. | ||
=== | === Temporal Cognitive Biases === | ||
The egoic mind is so strong it can rewrite past memories in favour of itself: | The egoic mind is so strong it can rewrite past memories in favour of itself: | ||
* [[Present Bias|'''Present Bias''']] - the inclination to choose a smaller immediate reward over a larger future reward when faced with a trade-off decision. | |||
* '''[[Hindsight Bias]]''' - the tendency to think that an event was more obvious or predictable than it really was. | * '''[[Hindsight Bias]]''' - the tendency to think that an event was more obvious or predictable than it really was. | ||
* [[Rosy Retrospection Bias|'''Rosy Retrospection Bias''']] - where even when people have failed they overestimate the good aspects of the past. | * [[Rosy Retrospection Bias|'''Rosy Retrospection Bias''']] - where even when people have failed they overestimate the good aspects of the past. | ||