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>>Cognitive Biases<<
In @ScottAdamsSays book "How to Fail at Almost Everything and Still Win Big" he suggests you learn psychology and then provides a list of cognitive biases.
This thread is going to list all of them (80+) and provide a brief description of each.
//THREAD//
In @ScottAdamsSays book "How to Fail at Almost Everything and Still Win Big" he suggests you learn psychology and then provides a list of cognitive biases.
This thread is going to list all of them (80+) and provide a brief description of each.
//THREAD//
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I'll start with 5 biases to avoid spamming everyone.
After all Cognitive Biases are listed, I will move on to Social Biases.
Hope this thread helps you to better understand your psychology and in turn contributes to your success.
I recommend spending time with each.
I'll start with 5 biases to avoid spamming everyone.
After all Cognitive Biases are listed, I will move on to Social Biases.
Hope this thread helps you to better understand your psychology and in turn contributes to your success.
I recommend spending time with each.
//
>>Ambiguity effect<<
This describes how you tend to avoid decisions where the outcome is unknown and favor decisions where the outcome is known.
Example:
Choosing the security of a regular paycheck, over the unknown value of a business venture.
>>Ambiguity effect<<
This describes how you tend to avoid decisions where the outcome is unknown and favor decisions where the outcome is known.
Example:
Choosing the security of a regular paycheck, over the unknown value of a business venture.
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>>Anchoring<<
Anchoring is where you depend too heavily on an initial piece of information offered to make subsequent judgments during decision making.
Example:
The product originally $200 is now 50% off. Anchoring uses the original price to persuade you to now purchase.
>>Anchoring<<
Anchoring is where you depend too heavily on an initial piece of information offered to make subsequent judgments during decision making.
Example:
The product originally $200 is now 50% off. Anchoring uses the original price to persuade you to now purchase.
//
>>Availability heuristic<<
This shortcut relies on immediate examples that come to your mind when evaluating a specific topic, concept, method, or decision.
Example:
You refuse to swim in the ocean because you watched shark week and now believe shark attacks are common.
>>Availability heuristic<<
This shortcut relies on immediate examples that come to your mind when evaluating a specific topic, concept, method, or decision.
Example:
You refuse to swim in the ocean because you watched shark week and now believe shark attacks are common.
//
>>Availability cascade<<
A self-reinforcing process where a certain stance gains increasing prominence in public discourse. This increases its availability to people and makes them more likely to believe it and spread it further.
Example:
A Contagious Virus
>>Availability cascade<<
A self-reinforcing process where a certain stance gains increasing prominence in public discourse. This increases its availability to people and makes them more likely to believe it and spread it further.
Example:
A Contagious Virus
//
>>Backfire effect<<
When your deepest beliefs are challenged by contradictory evidence, but your beliefs get stronger.
Example:
When you are given negative but factual information about a political candidate that you favor but it only causes you to increase your support.
>>Backfire effect<<
When your deepest beliefs are challenged by contradictory evidence, but your beliefs get stronger.
Example:
When you are given negative but factual information about a political candidate that you favor but it only causes you to increase your support.
//
>>Bandwagon Effect<<
The tendency of an individual to acquire a particular style, behaviour, or attitude because everyone else is doing it regardless if they actually desire or believe it.
Examples:
Consumer: Air pods. Medical: Leaching. Fashion: Skinny Jeans
>>Bandwagon Effect<<
The tendency of an individual to acquire a particular style, behaviour, or attitude because everyone else is doing it regardless if they actually desire or believe it.
Examples:
Consumer: Air pods. Medical: Leaching. Fashion: Skinny Jeans
//
>>Barnum Effect<<
When individuals believe that personality descriptions apply specifically to them, despite the fact that the description is actually filled with information that applies to everyone.
Example:
Horospcopes, fortune tellers, vague symptoms (Web md).
>>Barnum Effect<<
When individuals believe that personality descriptions apply specifically to them, despite the fact that the description is actually filled with information that applies to everyone.
Example:
Horospcopes, fortune tellers, vague symptoms (Web md).
//
>>Base Rate Fallacy<<
If presented with related base rate information and specific information, people tend to ignore the base rate in favor of the individuating information, rather than correctly integrating the two.
Example: Complicated, so example below.
>>Base Rate Fallacy<<
If presented with related base rate information and specific information, people tend to ignore the base rate in favor of the individuating information, rather than correctly integrating the two.
Example: Complicated, so example below.
//
>>Belief Bias<<
Belief bias is the tendency to judge the strength of arguments based on the plausibility of their conclusion rather than how strongly they support that conclusion.
Example: Athiest attempting to disprove atheism.
>>Belief Bias<<
Belief bias is the tendency to judge the strength of arguments based on the plausibility of their conclusion rather than how strongly they support that conclusion.
Example: Athiest attempting to disprove atheism.
//
>>Bias Blindspot<<
The cognitive bias of recognizing the impact of biases on the judgment of others while failing to see the impact of biases on one's own judgment.
Example: Everyone is subject to cognitive biases except for me because I'm reading up on them now.
>>Bias Blindspot<<
The cognitive bias of recognizing the impact of biases on the judgment of others while failing to see the impact of biases on one's own judgment.
Example: Everyone is subject to cognitive biases except for me because I'm reading up on them now.
//
>>Choice-Supportive Bias<<
Tendency to remember our choices as better than they actually were. We tend to over attribute positive features to our decisions and negative to decisions not chosen.
Example: Believe our bad team is going to win because WE chose the "best" team.
>>Choice-Supportive Bias<<
Tendency to remember our choices as better than they actually were. We tend to over attribute positive features to our decisions and negative to decisions not chosen.
Example: Believe our bad team is going to win because WE chose the "best" team.
//
>>Clustering Illusion<<
The tendency to erroneously consider the inevitable "streaks" or "clusters" arising in small samples from random distributions to be non-random.
Example:
You're playing roulette, black hit 5 times in a row, red is bound to hit next, right? No.
>>Clustering Illusion<<
The tendency to erroneously consider the inevitable "streaks" or "clusters" arising in small samples from random distributions to be non-random.
Example:
You're playing roulette, black hit 5 times in a row, red is bound to hit next, right? No.
//
>>Confirmation Bias<<
The tendency to search for information that confirms or supports your prior beliefs or values and the avoidance of anything that doesn't.
Example:
Using the first impression of a person to continually form conclusions about subsequent interactions.
>>Confirmation Bias<<
The tendency to search for information that confirms or supports your prior beliefs or values and the avoidance of anything that doesn't.
Example:
Using the first impression of a person to continually form conclusions about subsequent interactions.
//
>>Congruence Bias<<
The tendency to test hypotheses exclusively through direct testing, instead of testing possible alternative hypotheses.
Example: You discover $10 per item sells a lot, so you never test $15, $20, or more. Maybe your customers are willing to pay more?
>>Congruence Bias<<
The tendency to test hypotheses exclusively through direct testing, instead of testing possible alternative hypotheses.
Example: You discover $10 per item sells a lot, so you never test $15, $20, or more. Maybe your customers are willing to pay more?
//
>>Conjunction Fallacy<<
Occurs when it is assumed that specific conditions are more probable than a single general one.
Example: While jogging around the neighborhood, you are more likely to get bitten by someone’s pet dog, than by any member of the canine species.
[False]
![//>>Conjunction Fallacy<<Occurs when it is assumed that specific conditions are more probable than a single general one.Example: While jogging around the neighborhood, you are more likely to get bitten by someone’s pet dog, than by any member of the canine species.[False]](https://pbs.twimg.com/media/Eq-lh5OUYAI6z2C.jpg "//>>Conjunction Fallacy<<Occurs when it is assumed that specific conditions are more probable than a single general one.Example: While jogging around the neighborhood, you are more likely to get bitten by someone’s pet dog, than by any member of the canine species.[False]")
>>Conjunction Fallacy<<
Occurs when it is assumed that specific conditions are more probable than a single general one.
Example: While jogging around the neighborhood, you are more likely to get bitten by someone’s pet dog, than by any member of the canine species.
[False]
//
>>Conservatism Bias<<
Refers to the tendency to revise one's belief insufficiently when presented with new evidence.
Example: You invest in a company that is believed to grow. When the company announces slower than projected growth, your beliefs in its growth aren't swayed.
>>Conservatism Bias<<
Refers to the tendency to revise one's belief insufficiently when presented with new evidence.
Example: You invest in a company that is believed to grow. When the company announces slower than projected growth, your beliefs in its growth aren't swayed.
//
>>Contrast Effect<<
This bias distorts our perception of something when we compare it to something else, by enhancing the differences between the two.
Example: Feeling more attractive than you actually are immediately after looking at pictures of objectivly ugly people.
>>Contrast Effect<<
This bias distorts our perception of something when we compare it to something else, by enhancing the differences between the two.
Example: Feeling more attractive than you actually are immediately after looking at pictures of objectivly ugly people.
