Present Bias - Wanting Rewards Now, Not Later - You choose a small reward today instead of a bigger reward later., Loss Aversion - Fear of Losing Too Much - You play too safe because you are scared to lose., Framing Bias - Same Information, Different Feelings - The way something is said changes how we feel about it., Anchoring Effect - First Information Sticks in Our Brain - The first number or fact we hear makes us think differently., Status Quo Bias - Not Wanting to Change - You stick with what you know, even if switching is better., Vividness Bias - Remembering One Big Moment, Forgetting the Rest - A big moment sticks in your brain, even if most of the time it’s not true., Overconfidence Bias - Thinking You’re Better Than You Are) - 😎 A small success makes you think you are amazing., Herd Behaviour - Following What Others Do Without Thinking,
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Decision-Making Errors
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Alexanderjyep
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Psychology
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