Tag

decision-making

Explore 22 cognitive biases related to this topic.

Ambiguity Effect

2 min read

The ambiguity effect is a cognitive bias where decision makers avoid options that are considered to be ambiguous or to have missing information.

Cognitive Biases

/ Ambiguity aversion

Neglect of Probability

2 min read

Neglect of probability is the tendency to completely disregard probability when making a decision under uncertainty.

Statistical Biases

/ Probability blindness

Fear of Missing Out (FOMO)

9 min read

Fear of Missing Out (FOMO) is the anxious feeling that others are having rewarding experiences without you, driving constant checking and overcommitment.

Cognitive Biases / Social comparison and anxiety

/ FOMO

Automation Bias

10 min read

Automation bias is the tendency to over-trust computer systems and automated recommendations, discounting or overlooking contradictory human judgment or real‑world evidence.

Cognitive Biases / Human–automation interaction

/ Over‑reliance on automation

Affect Heuristic

2 min read

The affect heuristic is a mental shortcut where people make decisions and solve problems by relying heavily on their current emotional state.

Cognitive Biases

/ Affective bias

Representativeness Heuristic

10 min read

The representativeness heuristic is the tendency to judge the probability of an event by how much it resembles a typical case, often ignoring base rates and statistical logic.

Cognitive Biases / Judgment heuristics

/ Similarity heuristic

Congruence Bias

10 min read

Congruence bias is the tendency to test only one favored hypothesis and to ignore or underexplore alternative explanations.

Cognitive Biases / Hypothesis testing

/ Single-hypothesis bias

Ambiguity Aversion

10 min read

Ambiguity aversion is the tendency to prefer known risks over unknown or poorly defined risks, even when the expected outcomes are similar.

Cognitive Biases / Risk and uncertainty

/ Uncertainty aversion

Commitment Bias

10 min read

Commitment bias is the tendency to stick with past decisions or stated positions, even when they are no longer optimal, in order to appear consistent.

Cognitive Biases / Consistency and escalation

/ Escalation of commitment (related)

Irrational Escalation

10 min read

Irrational escalation is the tendency to continue investing in a failing course of action because of past investments, even when changing direction would yield better outcomes.

Cognitive Biases / Commitment and consistency

/ Escalation of Commitment

Distinction Bias

9 min read

Distinction bias is the tendency to overemphasize small differences between options when comparing them side by side, even though those differences matter little in isolation.

Cognitive Biases / Comparative evaluation

/ Joint Evaluation Bias

Bandwagon Effect

12 min read

The bandwagon effect is the tendency to adopt beliefs or behaviors because many other people seem to hold them, increasing their perceived correctness or desirability.

Social Biases / Conformity and social proof

/ Herd Behavior

Authority Bias

12 min read

Authority bias is the tendency to give greater weight and compliance to the opinions or requests of perceived authorities, sometimes at the expense of evidence or ethics.

Social Biases / Deference to authority

/ Obedience to Authority

Zero-Risk Bias

12 min read

Zero-risk bias is the tendency to prefer options that completely eliminate a small risk over options that achieve larger overall risk reductions but leave some risk remaining.

Cognitive Biases / Risk perception and trade-offs

/ All-or-Nothing Risk Bias

Focusing Effect

5 min read

Overemphasizing one aspect while ignoring others.

Cognitive Biases

/ Focusing Illusion

Projection Bias

5 min read

Assuming our future preferences will match our current ones.

Cognitive Biases

Sunk Cost Fallacy

12 min read

The sunk cost fallacy is the tendency to continue a course of action because of past investments of time, money, or effort, even when changing course would lead to a better outcome.

Cognitive Biases / Commitment and escalation

/ Escalation of Commitment

Status Quo Bias

12 min read

Status quo bias is the tendency to prefer the current state of affairs and avoid change, even when alternatives are objectively better.

Cognitive Biases / Preference for defaults

/ Status Quo Preference

Framing Effect

3 min read

The framing effect is a cognitive bias where people decide on options based on whether the options are presented with positive or negative connotations; e.g. as a loss or as a gain.

Cognitive Biases

/ Framing bias

Availability Heuristic

12 min read

The tendency to overestimate the likelihood of events with greater 'availability' in memory, which can be influenced by how recent, unusual, or emotionally charged the memories are.

Cognitive Biases

/ Availability Bias

Anchoring Bias

10 min read

The tendency to rely too heavily on the first piece of information encountered (the 'anchor') when making decisions, even when that information is irrelevant or arbitrary.

Cognitive Biases

/ Anchoring Effect

Confirmation Bias

8 min read

The tendency to search for, interpret, favor, and recall information that confirms pre-existing beliefs while giving disproportionately less consideration to alternative possibilities.

Cognitive Biases

/ Confirmatory Bias