Tag

risk

Explore 10 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

Ludic Fallacy

2 min read

The ludic fallacy is the misuse of games to model real-life situations.

Statistical Biases

/ Gaming fallacy

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

Ostrich Effect

10 min read

The ostrich effect is the tendency to avoid or ignore negative information, especially about risks or losses, in order to reduce anxiety.

Cognitive Biases / Information avoidance

/ Information avoidance 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

Normalcy Bias

5 min read

Underestimating the likelihood of disaster.

Cognitive Biases

/ Negative Panic

Base Rate Fallacy

12 min read

The base rate fallacy is the tendency to ignore or underweight general statistical information (base rates) in favor of vivid or specific case details when judging probability.

Cognitive Biases / Bayesian neglect

/ Base Rate Neglect

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