Regret Aversion
A tendency to avoid making decisions that might lead to regret, influencing risk-taking and decision-making behaviors.
56 topics found for
“economic impact”
Framing
The way information is presented to users, which can significantly influence their decisions and perceptions.
Focusing Effect
A cognitive bias where people place too much importance on one aspect of an event, causing errors in judgment.
Pseudocertainty Effect
A cognitive bias where people perceive an outcome as certain while it is actually uncertain, based on how information is presented.
Nudging
The act of designing and implementing subtle interventions to influence behavior in a predictable way.
Category Size Bias
A cognitive bias where people judge the likelihood of an event based on the size of its category rather than its actual probability.
Affective Forecasting
The process of predicting how one will feel in the future, which often involves biases and inaccuracies.
Instrumental Value
The worth of something based on its ability to help achieve a desired end or goal.
Zero-Risk Bias
A cognitive bias where people prefer the option that seems to eliminate risk entirely, even if another option offers a greater overall benefit.