![]() ![]() An individual might overcome it by stopping looking at others to do the research and taking the steps to study the facts for yourself. For example, Investors rush to buy a specific stock because it's supposedly hot. ![]() the inclination that some humans have to be part of a large group. An individual might overcome it by Increasing knowledge through research. For example, if you have $100 and you lose $50, it will likely feel worse to you than if you had $0 and gained $50 -An individual might overcome it by thinking long- term -describes the common human tendency to rely too heavily on the first piece of information offered when making decisions. Download The Crucible Character Chart PDF and more Exercises Law in PDF only on Docsity! COGNITIVE BIASES INFOGRAPHIC Loss Aversion: Confirmation Bias: Anchoring Effect: Present Bias Endowment Effect: -is a cognitive bias that describes why, for individuals, the pain of losing is psychologically twice as powerful as the pleasure of gaining. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |