Functional Fixedness
A cognitive bias that limits a person to using an object only in the way it is traditionally used.
A cognitive bias that limits a person to using an object only in the way it is traditionally used.
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.
A cognitive bias where individuals evaluate the value of bundled items differently than they would if the items were evaluated separately.
A cognitive bias where people prefer a greater variety of options when making simultaneous choices compared to sequential choices.
A concept in behavioral economics that describes how future benefits are perceived as less valuable than immediate ones.
A strategy where an additional, less attractive option is introduced to make other pricing options look more appealing, often steering customers towards a particular choice.
A psychological phenomenon where individuals are perceived as more likable if they make a mistake, provided they are generally competent.
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.
A theory that emphasizes the role of emotions in risk perception and decision-making, where feelings about risk often diverge from cognitive assessments.