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
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Explore 4 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
The ludic fallacy is the misuse of games to model real-life situations.
Statistical Biases
/ Gaming fallacy
10 min read
Information bias is the tendency to seek or value information that does not meaningfully improve decisions, simply because more information feels better.
Cognitive Biases / Decision information
/ Non-instrumental information seeking
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