Archives de la catégorie : Not Enough Meaning

What is the Magic number 7+-2 bias? There is a cognitive bias that says « We remember best the first and last items in a series, and the middle items are forgotten or remembered as average ». This website explains what it means. We also have an online test to check if you suffer from this bias.

What is the Denomination Effect? When a price is given in a smaller denomination, people tend to perceive it as being lower than it actually is. This can be used in marketing and sales, for example when an item mentioned at $4.99 sounds much cheaper than one that costs $5.00.

A cognitive bias that describes the tendency to judge probability of an event as less than the sum of its (more likely) constituent parts. Learn more about other biases in our comprehensive list.

What is the Survivorship Bias? If you ever thought about what causes this phenomena, here’s a short explanation. Also learn how to deal with it and why it happens in cognitive biases. The post also includes examples of survivorship bias from real world situations.

What is the zero-sum bias? The zero-sum bias is a cognitive bias that describes the tendency of people to see situations as fixed quantities, so whoever ends up with the most must have taken it from someone else. This cognitive biases can affect negotiations or group dynamics where participants may feel animosity towards other parties involved.

What is the Murphy’s Law? This law states that if something can go wrong then it will. It works by assuming that bad things are more likely to happen at inconvenient times. This means that having something important to do will be just around other distractions and someone else will disturb you during the task.

What is the Normalcy bias? Normalcy bias is human inclination to ignore the possibility of risk. In other words, if something bad doesn’t happen for a long time – we believe that nothing bad will ever happen in future either. This article focuses on definition and examples of normalcy bias . How does it work?Lire la suite « Normalcy biasy: Definition & Examples | Cognitive Biases »

What is the Appeal to probability fallacy? The ‘Appeal to probability fallacy’ is an argument that uses probability fallaciously. For example, it might be argued that something will definitely happen because there’s a high chance it will happen. This is the appeal to probability fallacy because, while something may very well happen, using its probability of happening as evidence for its occurrence is logically flawed.