Myopic Loss Aversion
A cognitive bias where individuals tend to avoid risks when they perceive potential losses more acutely than potential gains.
A cognitive bias where individuals tend to avoid risks when they perceive potential losses more acutely than potential gains.
A cognitive bias where people rely too heavily on their own perspective and experiences when making decisions.
A mental shortcut where current emotions influence decisions, often bypassing logic and reasoning.
A cognitive bias that causes people to attribute their own actions to situational factors while attributing others' actions to their character.
The tendency to overestimate how much our future preferences and behaviors will align with our current preferences and behaviors.
A cognitive bias where people prefer the option that seems to eliminate risk entirely, even if another option offers a greater overall benefit.
The study of how people acquire knowledge, skills, and behaviors through experience, practice, and instruction.
The process of breaking down decisions into smaller, manageable stages to simplify the decision-making process.
A cognitive bias where people favor members of their own group over those in other groups.