Loss Aversion - The tendency to regard losses as considerably more important than gains of comparable magnitude. , Sunk Cost Fallacy - The tendency to make decisions about a current situation based on what resources you have already invested in the situation. , Endowment Effect - The tendency to put more value on things you already own. , FOMO (Fear Of Missing Out) - The tendency to feel anxiety/fear that an exciting or interesting event may currently be happening elsewhere, often caused by posts seen on a social media website. , Herd Mentality - The tendency to conform to the behaviors and beliefs of the people around you. , Confirmation Bias - The tendency to search for information that supports our preconceptions and to ignore or distort contradictory evidence. , Overconfidence Bias - The tendency people have to be more confident in their own abilities. , Happiness & Hedonic Adaptation  - The tendency to return to a baseline level of happiness regardless of whether you go through a positive or negative experience or event.  ,

Types of Cognitive Biases

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