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
Tag
Explore 2 cognitive biases related to this topic.
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
2 min read
Neglect of probability is the tendency to completely disregard probability when making a decision under uncertainty.
Statistical Biases
/ Probability blindness