Satisficing
A decision-making strategy that involves choosing an option that meets the minimum requirements rather than seeking the optimal solution, balancing effort and outcome.
225 topics found for
“cognitive psychology”
Experimenter Bias
A bias that occurs when researchers' expectations influence the outcome of a study.
Irrational Escalation
The phenomenon where people continue a failing course of action due to the amount of resources already invested.
Visual Depiction Effect
A phenomenon where people better understand and remember information when it is presented visually.
Sunk Cost Fallacy
The tendency for individuals to continue a behavior or endeavor as a result of previously invested resources (time, money, or effort) rather than future potential benefits.
Decision Architecture
The design of environments in which people make decisions, influencing their choices and behaviors.
Probability Matching
A decision-making strategy where individuals allocate resources proportionally to the probability of an outcome occurring, rather than optimizing the most likely outcome.
Affinity Bias
The tendency to favor people who are similar to oneself in terms of background, beliefs, or interests.
Selective Exposure
The tendency for individuals to favor information that aligns with their existing beliefs and to avoid information that contradicts them.