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 to believe that large or significant events must have large or significant causes.
A cognitive bias where people focus on the most noticeable or prominent information while ignoring less conspicuous details.
A behavioral economics model that explains decision-making as a conflict between a present-oriented "doer" and a future-oriented "planner".
The tendency to overvalue new innovations and technologies while undervaluing existing or traditional approaches.
A decision-making strategy that involves choosing an option that meets the minimum requirements rather than seeking the optimal solution, balancing effort and outcome.
A cognitive bias where people overestimate the importance of information that is readily available.
The tendency to search for, interpret, and remember information in a way that confirms one's preexisting beliefs or hypotheses.
A cognitive bias that causes people to overestimate the likelihood of negative outcomes.