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
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Explore 4 cognitive biases related to this topic.
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
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
2 min read
The ludic fallacy is the misuse of games to model real-life situations.
Statistical Biases
/ Gaming fallacy
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