Ratio Bias
A cognitive bias where people judge the likelihood of an event based on its relative size rather than absolute probability.
A cognitive bias where people judge the likelihood of an event based on its relative size rather than absolute probability.
The study of psychology as it relates to the economic decision-making processes of individuals and institutions.
The process of tailoring a product or experience to meet the individual needs and preferences of users.
A research method that focuses on understanding phenomena through in-depth exploration of human behavior, opinions, and experiences, often using interviews or observations.
Narrative descriptions of how users might interact with a product or system to achieve specific goals, used to inform design and development.
A statistical method used to predict a binary outcome based on prior observations, modeling the probability of an event as a function of independent variables.
The tendency of consumers to continuously purchase the same brand's products over time.
A method of comparing two versions of a webpage or app to see which performs better in terms of user engagement or conversions.
A theory that describes how individuals pursue goals using either a promotion focus (seeking gains) or a prevention focus (avoiding losses).