Intro to Cognitive Bias Flashcards
Self-serving Bias
The tendency to believe that external factors cause personal failure, yet individual decisions lead to personal successes.
Optimism Bias
The disproportionate overestimation of the likelihood of positive outcomes.
Placebo Effect
Benefits occur after the administration of an inactive or fake substance or treatment.
Group Bias
The personal tendency to favour ideas, individuals, or behaviours that belong to a common social group rather than judging on merit.
Current Belief Bias
The rationalization of an idea that supports existing personal beliefs.
Reactance Bias
The tendency to prefer the opposite of what someone is trying to impose.
Confirmation Bias
The tendency to favour things that confirm existing personal beliefs.
Curse Knowledge Fallacy
The tendency to assume that learned knowledge and/or concepts should be obvious to others.
Sunk Cost Fallacy
The irrational persistence to cling to things that have already cost something.
Bystander Effect
The assumption that someone else will take action.
Availability Heuristic Bias
Judgement is influenced by what springs most easily to mind.
Recent, emotionally powerful, or unusual thoughts and memories can make them seem more relevant.
Groupthink
The social dynamics of a group situation override the best outcome.
Pessimism Bias
The disproportionate overestimation of the likelihood of negative outcomes.
Halo Effect Bias
Personal attraction to or, preference for an individual unduly influences judgement of that individual.
Just World Fallacy
Personal preference for a just world makes one presume that it exists.