Endowment Effect
A cognitive bias where people ascribe more value to things merely because they own them.
169 topics found for
“bias”
Positivity Effect
A cognitive bias where individuals tend to focus on positive information or events more than negative ones, especially as they age.
Empathy Gap
A cognitive bias where people underestimate the influence of emotional states on their own and others' behavior.
Effort Justification
A cognitive bias where people attribute greater value to outcomes that required significant effort to achieve.
Decoy Effect
A cognitive bias where consumers change their preference between two options when presented with a third, less attractive option.
Illusory Truth Effect
A cognitive bias where repeated statements are more likely to be perceived as true, regardless of their actual accuracy.
Illusory Correlation
The perception of a relationship between two variables when no such relationship exists.
Illusion of Control
The tendency for people to overestimate their ability to control events.
Recency Effect
A cognitive bias where individuals better remember the most recent information they have encountered, influencing decision-making and memory recall.