McNamara Fallacy
The error of making decisions based solely on quantitative observations and ignoring all other factors.
26 topics found for
“decision-making errors”
Focusing Effect
A cognitive bias where people place too much importance on one aspect of an event, causing errors in judgment.
Clustering Illusion
A cognitive bias where people see patterns in random data.
Fallacy of Composition
A logical fallacy that occurs when one assumes that what is true for a part is also true for the whole.
Irrational Escalation
The phenomenon where people continue a failing course of action due to the amount of resources already invested.
Conjunction Fallacy
A logical fallacy where people assume that specific conditions are more probable than a single general one.
Survivorship Bias
A cognitive bias that occurs when conclusions are drawn from a non-representative sample, focusing only on successful cases and ignoring failures.
Extension Neglect
A cognitive bias where people ignore the relevance of sample size in making judgments, often leading to erroneous conclusions.
Friction
Elements in a process that cause resistance or slow down user actions, which can lead to frustration or be used intentionally to prevent errors and encourage deliberate actions.