Overconfidence Effect
A cognitive bias where a person's subjective confidence in their judgments is greater than their objective accuracy.
A cognitive bias where a person's subjective confidence in their judgments is greater than their objective accuracy.
The tendency to attribute intentional actions to others' behaviors, often overestimating their intent.
Decision-making strategies that use simple heuristics to make quick, efficient, and satisfactory choices with limited information.
A cognitive bias where the total probability assigned to a set of events is less than the sum of the probabilities assigned to each event individually.
A cognitive bias where people ignore the relevance of sample size in making judgments, often leading to erroneous conclusions.
A cognitive bias where people rely too heavily on their own perspective and experiences when making decisions.
Anchoring (also known as Focalism) is a cognitive bias where individuals rely heavily on the first piece of information (the "anchor") when making decisions.
The tendency to believe that large or significant events must have large or significant causes.
The objective analysis and evaluation of an issue in order to form a judgment.