confirmation bias

Choice-Supportive Bias

Choice-Supportive Bias Explained with 10 Examples: A Comprehensive Overview

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Introduction to Choice-Supportive Bias Choice-Supportive Bias: Have you ever found yourself making a decision and then, even in the face of clear evidence suggesting it may not have been the best choice, still feeling that you made the right call? If so, you’ve experienced something known as Choice-Supportive Bias. This psychological phenomenon is a type …

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Ben Franklin Effect

Ben Franklin Effect Explained with 10 Examples and Case Studies

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Introduction The Ben Franklin Effect is a fascinating psychological phenomenon named after one of the Founding Fathers of the United States, Benjamin Franklin. This principle suggests that if a person does a favor for someone else, they are more likely to do another favor for that person in the future, even if they initially disliked …

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Actor Observer Bias

A Deep Dive into the Actor Observer Bias: Spotlight on Perception

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Introduction Defining Actor Observer Bias The actor observer bias is a well-known psychological phenomenon pertaining to attribution, which is how people explain causes for behavior. Specifically, this bias highlights a tendency to attribute one’s own actions to situational or external factors, while attributing others’ behaviors to their intrinsic characteristics or internal factors. We have created …

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Affect Heuristics

Affect Heuristics: Exploring Your Mind for a Powerful Decision

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 Introduction Defining Affect Heuristic In the fascinating world of Behavioral Economics, the concept of Affect Heuristics stands as a testament to the intricate interplay between our emotions and decision-making processes. This psychological heuristic, a key concept within Cognitive Psychology, offers a compelling lens through which we can understand how our emotional bias influences our choices. …

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Anchoring Bias

Understanding Anchoring Bias: A Comprehensive Overview

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Introduction Defining Anchoring Bias Anchoring Bias is a cognitive bias that influences our decision-making process. It refers to our tendency to rely heavily on the first piece of information we encounter (the ‘anchor’) when making decisions. This initial information sets a mental benchmark that can significantly influence subsequent judgments and decisions. We have published a …

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Ambiguity Effect

The Ambiguity Effect: Navigating Uncertainty in Decision Making

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Introduction Ambiguity Effect: Every day, we are faced with a myriad of decisions. Some are trivial, like choosing what to wear, while others are more consequential, such as deciding on a career path or making a significant investment. This is where the Ambiguity Effect, a well-documented cognitive bias, comes into play. One of the factors …

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Bias

List of 125 Most common Bias and Fallacy (And Rare Ones too)

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Introduction Biases and fallacies are two closely related concepts that play a significant role in our decision-making processes, thought patterns, and overall cognition. Understanding them can provide deeper insights into human behavior and can aid in fostering more rational, effective thinking. Biases are systematic errors in thinking that affect the decisions and judgments that people …

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Confirmation Bias – 7 Things you need to Know [Detailed Guide]

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How is confirmation bias best defined? Confirmation bias is a cognitive prejudice that causes people to seek out, favor, understand, and retain data that supports their preexisting ideas. This bias can lead to people making poor decisions. For instance, if a person is given a lot of information on a specific topic, confirmation bias may …

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