Sunk Cost Fallacy
The tendency for individuals to continue a behavior or endeavor as a result of previously invested resources (time, money, or effort) rather than future potential benefits.
The tendency for individuals to continue a behavior or endeavor as a result of previously invested resources (time, money, or effort) rather than future potential benefits.
The error of making decisions based solely on quantitative observations and ignoring all other factors.
A cognitive bias where bizarre or unusual information is better remembered than common information.
Any process or administrative barrier that unnecessarily complicates transactions and creates friction, discouraging beneficial behaviors.
A cognitive bias where individuals' expectations influence their perceptions and judgments.
A cognitive approach where information is processed at a surface level, focusing on basic features rather than deeper meaning, often leading to poorer memory retention.
A cognitive bias where people tend to remember the first and last items in a series better than those in the middle, impacting recall and memory.
The use of natural language processing to identify and extract subjective information from text, determining the sentiment expressed.
A key aspect of Gestalt psychology in which simple geometrical objects are recognized independent of rotation, translation, and scale.