Similar To Me Bias
A cognitive bias where individuals favor others who are perceived to be similar to themselves, affecting judgments and decision-making.
128 topics found for
“decision environments”
Illusion of Validity
A cognitive bias where individuals overestimate the accuracy of their judgments, especially when they have a lot of information.
Cost-Benefit
An analysis comparing the costs and benefits of a decision or project to determine its feasibility and value.
Fist To Five
A consensus-building technique where participants show their level of agreement or support by raising zero to five fingers.
Egocentric Bias
A cognitive bias where people rely too heavily on their own perspective and experiences when making decisions.
Paradox of Choice
The phenomenon where having too many options leads to anxiety and difficulty making a decision, reducing overall satisfaction.
Anchoring
Anchoring (also known as Focalism) is a cognitive bias where individuals rely heavily on the first piece of information (the "anchor") when making decisions.
Gambler’s Fallacy
A cognitive bias where individuals believe that past random events affect the probabilities of future random events.
Hot Hand Fallacy
The mistaken belief that a person who has experienced success in a random event has a higher probability of further success in additional attempts.