Ostrich Effect
A cognitive bias where people avoid negative information or situations, preferring to remain uninformed or ignore problems.
127 topics found for
“economic behavior”
Irrational Escalation
The phenomenon where people continue a failing course of action due to the amount of resources already invested.
Bye-Now Effect
The tendency for people to defer purchasing decisions to a later time, often leading to procrastination.
Regulatory Focus Theory
A theory that describes how individuals pursue goals using either a promotion focus (seeking gains) or a prevention focus (avoiding losses).
Regret Aversion
A tendency to avoid making decisions that might lead to regret, influencing risk-taking and decision-making behaviors.
Authority Principle
A principle that suggests people are more likely to comply with requests or follow suggestions from authority figures.
Pseudo Set Framing
The cognitive bias where people treat a set of items as more significant when they are perceived as a cohesive group.
Numerosity Bias
The tendency to perceive a greater quantity as a better value, regardless of the actual utility.
Moral Suasion
The act of persuading individuals or organizations to act in a certain way based on moral arguments or appeals.