Learn to Value Stocks in 6 Weeks
Optimism is a natural tendency that influences how you perceive risks and potential outcomes. When you experience optimism bias, you might underestimate negative events and overestimate positive results in your life. This cognitive phenomenon can affect your
With an understanding of decision-making patterns, you may encounter the concept of status quo bias, a psychological phenomenon where you prefer the current state of affairs over change. This bias can affect your choices in both personal
Many researchers and data analysts encounter the term “response bias” when interpreting survey results or conducting interviews. This phenomenon occurs when participants provide answers that do not accurately reflect their true opinions or feelings, often due to
Maybe you’ve noticed how recent events can heavily influence your judgments and decisions. This phenomenon, known as recency bias, occurs when you give greater importance to the most recent information you encounter, often overlooking older data. Understanding
Psychology often reveals how your mind can steer you toward information that confirms your existing beliefs. This phenomenon, known as confirmation bias, leads you to favor data that aligns with your opinions while disregarding contradictory evidence. Understanding
You may not realize it, but your decision-making processes are often influenced by a psychological phenomenon known as anchoring bias. This cognitive bias occurs when you rely too heavily on the first piece of information you encounter—your
Just when you think you’ve understood a situation, hindsight bias kicks in, making you feel as if you always knew the outcome. This psychological phenomenon leads you to believe that events were more predictable after they have
Most people are influenced by personal motivations, leading to a cognitive phenomenon known as self-serving bias. This tendency allows you to attribute your successes to your own abilities and efforts, while blaming external factors for your failures.
There’s a common cognitive error known as survivorship bias that can skew your understanding of success and failure. This bias occurs when you focus only on the people or things that have passed through some selection process
Over your lifetime, you may have noticed that negative experiences often leave a stronger impression on you than positive ones. This phenomenon is known as negativity bias, a psychological principle that suggests your mind is more attuned
