Ambiguity Effect
A cognitive bias where decision-making is affected by the lack of information or uncertainty.
A cognitive bias where decision-making is affected by the lack of information or uncertainty.
Representativeness is a heuristic in decision-making where individuals judge the probability of an event based on how much it resembles a typical case.
A cognitive bias where people judge the likelihood of an event based on its relative size rather than absolute probability.
A cognitive bias where people wrongly believe they have direct insight into the origins of their mental states, while treating others' introspections as unreliable.
A cognitive bias where people remember scenes as being more expansive than they actually were.
The tendency to cling to one's beliefs even in the face of contradictory evidence.
A cognitive bias where people see patterns in random data.
A cognitive bias where people ignore the relevance of sample size in making judgments, often leading to erroneous conclusions.
A cognitive bias where individuals or organizations continue to invest in a failing project or decision due to the amount of resources already committed.