Tag: bias
Credulity Bias
Hindsight Bias
Overconfidence
A close relative to the previously mentioned Confirmation Bias, Overconfidence is the tendency to overestimate our own abilities (i.e., we aren’t as smart as we think we are). We tend to think that we are much better forecasters and estimators than we…
Confirmation Bias
We let confirmation bias take control of our mind by only seeking out information from sources that agree with our pre-existing beliefs. Conversely, we tend to ignore and dismiss information (= disconfirming evidence) which tend to disprove our initial impressions. It’s the tendency to interpret the glass…
Failing to understand Exponential Function and Compound Interest
Endowment Effect
Self-Serving Bias
Regret Aversion
Hedonic Treadmill
What kind of treadmill is that? You say, “I know only the treadmills from Horizon, Epic, and Lifespan.” Like so many of us, I am quite sure that you have spent some time on the Hedonic Treadmill. The Hedonic Treadmill is one that some people are constantly running…
Credulity Bias
Hindsight Bias
Overconfidence
A close relative to the previously mentioned Confirmation Bias, Overconfidence is the tendency to overestimate our own abilities (i.e., we aren’t as smart as we think we are). We tend to think that we are much better forecasters and estimators than we…
Confirmation Bias
We let confirmation bias take control of our mind by only seeking out information from sources that agree with our pre-existing beliefs. Conversely, we tend to ignore and dismiss information (= disconfirming evidence) which tend to disprove our initial impressions. It’s the tendency to interpret the glass…
Failing to understand Exponential Function and Compound Interest
Endowment Effect
Self-Serving Bias
Regret Aversion
Hedonic Treadmill
What kind of treadmill is that? You say, “I know only the treadmills from Horizon, Epic, and Lifespan.” Like so many of us, I am quite sure that you have spent some time on the Hedonic Treadmill. The Hedonic Treadmill is one that some people are constantly running…