Optimism Bias
A cognitive bias that causes people to believe they are less likely to experience negative events and more likely to experience positive events than others.
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Regressive Bias
A cognitive bias where individuals overestimate the likelihood of extreme events regressing to the mean.
Framing Bias
A cognitive bias where people's decisions are influenced by how information is presented rather than just the information itself.
Moral Luck
A phenomenon where the success or failure of a design or business outcome is influenced by external factors beyond the control of the decision-makers, akin to serendipity.
Present Bias
A cognitive bias where individuals give stronger weight to payoffs that are closer to the present time compared to those in the future.
Reference Dependence
A cognitive bias where individuals evaluate outcomes relative to a reference point rather than on an absolute scale.
Pro-Innovation Bias
The tendency to overvalue new innovations and technologies while undervaluing existing or traditional approaches.
Preference Reversal
A phenomenon where individuals' preferences between options change when the options are presented in different ways or contexts.
BRE
Business Rules Engine (BRE) is a software system that executes one or more business rules in a runtime production environment.