Choice-supportive bias

In cognitive science, choice-supportive bias is the tendency to retroactively ascribe positive attributes to an option one has selected. It is a cognitive bias. For example, if a person buys a computer from Apple instead of a computer running Windows, he is likely to ignore or downplay the faults of Apple computers while amplifying those […]

Read More

Clustering illusion

The clustering illusion is the tendency to erroneously perceive small samples from random distributions to have significant “streaks” or “clusters”, caused by a human tendency to under-predict the amount of variability likely to appear in a small sample of random or semi-random data due to chance. Gilovich, an early author on the subject, argues the effect occurs […]

Read More

Denomination effect

The denomination effect is a theoretical form of cognitive bias relating to currency, whereby people are less likely to spend larger bills than their equivalent value in smaller bills. It was proposed by Priya Raghubir and Joydeep Srivastava in their 2009 paper “Denomination Effect”. In an experiment conducted by Raghubir and Srivastava, university students were […]

Read More

Distinction bias

Distinction bias, a concept of decision theory, is the tendency to view two options as more distinctive when evaluating them simultaneously than when evaluating them separately. The concept was advanced by Hsee and Zhang as an explanation for differences in evaluations of options between joint evaluation mode and separate evaluation mode (2004). Evaluation mode is […]

Read More

Duration neglect

Duration neglect is the psychological observation that people’s judgments of the unpleasantness of painful experiences depend very little on the duration of those experiences. Multiple experiments have found that these judgments tend to be affected by two factors: the peak (when the experience was the most painful) and how quickly the pain diminishes. If it […]

Read More

Endowment effect

In behavioral economics, the endowment effect (also known as divestiture aversion) is the hypothesis that people ascribe more value to things merely because they own them. This is illustrated by the observation that people will tend to pay more to retain something they own than to obtain something owned by someone else—even when there is no […]

Read More

Zeigarnik effect

In psychology, the Zeigarnik effect (less common: Ovsiankina-Effect) states that people remember uncompleted or interrupted tasks better than completed tasks. Zeigarnik first studied the phenomenon after her professor, Gestalt psychologist Kurt Lewin, noticed that a waiter had better recollections of still unpaid orders. However, after the completion of the task – after everyone had paid […]

Read More

Focusing effect

The focusing effect (or focusing illusion) is a cognitive bias that occurs when people place too much importance on one aspect of an event, causing an error in accurately predicting the utility of a future outcome. People focus on notable differences, excluding those that are less conspicuous, when making predictions about happiness or convenience. For […]

Read More

Attentional bias

Attentional bias is an ad hoc scientific term. Attentional bias can also refer to the tendency of our perception to be affected by our recurring thoughts. For example, if we think frequently about the clothes we wear, we pay more attention to the clothes of others.

Read More

Confirmation bias

Confirmation bias (also called confirmatory bias or myside bias) is the tendency of people to favor information that confirms their beliefs or hypotheses.[Note 1][1] People display this bias when they gather or remember information selectively, or when they interpret it in a biased way. The effect is stronger for emotionally charged issues and for deeply […]

Read More