Shared Information Bias
A cognitive bias where group members tend to discuss information that everyone already knows rather than sharing unique information, leading to less effective decision-making.
119 topics found for
“decision-making biases”
Take the Best Heuristic
A decision-making rule where individuals choose the option with the highest perceived value based on the first good reason that comes to mind, ignoring other information.
Groupthink
A psychological phenomenon where the desire for harmony and conformity in a group results in irrational or dysfunctional decision-making.
Satisficing
A decision-making strategy that involves choosing an option that meets the minimum requirements rather than seeking the optimal solution, balancing effort and outcome.
Affect Heuristic
A mental shortcut where current emotions influence decisions, often bypassing logic and reasoning.
Hindsight Bias
A cognitive bias where people perceive past events as having been more predictable than they actually were.
Framing Bias
A cognitive bias where people's decisions are influenced by how information is presented rather than just the information itself.
Similar To Me Bias
A cognitive bias where individuals favor others who are perceived to be similar to themselves, affecting judgments and decision-making.
Availability Bias
A cognitive bias where people overestimate the importance of information that is readily available.