Regulatory Focus Theory
A theory that describes how individuals pursue goals using either a promotion focus (seeking gains) or a prevention focus (avoiding losses).
A theory that describes how individuals pursue goals using either a promotion focus (seeking gains) or a prevention focus (avoiding losses).
A cognitive bias where people ignore general statistical information in favor of specific information.
A mental shortcut that relies on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision.
A type of bias that occurs when the observer's expectations or beliefs influence their interpretation of what they are observing, including experimental outcomes.
The phenomenon where people continue a failing course of action due to the amount of resources already invested.
A cognitive bias where people prefer the option that seems to eliminate risk entirely, even if another option offers a greater overall benefit.
A principle often used in behavioral economics that suggests people evaluate options based on relative comparisons rather than absolute values.
The process of breaking down decisions into smaller, manageable stages to simplify the decision-making process.
A logical fallacy in which it is assumed that qualities of one thing are inherently qualities of another, due to an irrelevant association.