Focusing Effect
A cognitive bias where people place too much importance on one aspect of an event, causing errors in judgment.
A cognitive bias where people place too much importance on one aspect of an event, causing errors in judgment.
The tendency for people to believe that others are telling the truth, leading to a general assumption of honesty in communication.
The economic theory that suggests limited availability of a resource increases its value, influencing decision-making and behavior.
The phenomenon where individuals' expectations about a situation influence their actual experience of that situation.
The set of human characteristics associated with a brand, which shape how consumers perceive it.
The totality of all interactions a customer has with a brand, shaping their overall perception and relationship with the brand.
The tendency to attribute intentional actions to others' behaviors, often overestimating their intent.
A principle often used in behavioral economics that suggests people evaluate options based on relative comparisons rather than absolute values.
A cognitive bias where individuals overestimate how well their thoughts, feelings, and emotions are understood by others.