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Cognitive bias, https://medium.com/tradecraft-traction/flashcards-to-learn…
Cognitive bias
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IKEA effect
More effort, more valuable
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halo effect
love one thing, love all and viceversa
availability bias
overestimate future, remember past wins
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bandwagon effect
do what others are doing, don't be left out
normalcy bias
under prepare disaster, under estimate effect
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Curse of knowledge
When better-informed people find it extremely difficult to think about problems from the perspective of lesser-informed people.
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Denomination effect
The tendency to spend more money when it is denominated in small amounts (e.g. coins) rather than large amounts (e.g. bills).
Distinction bias
The tendency to view two options as more dissimilar when evaluating them simultaneously than when evaluating them separately.
Endowment effect
The fact that people often demand much more to give up an object than they would be willing to pay to acquire it.
Framing effect
Drawing different conclusions from the same information, depending on how or by whom that information is presented
Hindsight bias
Sometimes called the "I-knew-it-all-along" effect, the tendency to see past events as being predictable at the time those events happened.
Hot hand fallacy
fallacious belief that a person who has experienced success has a greater chance of further success in additional attempts
Hyperbolic discounting
The tendency for people to have a stronger preference for more immediate payoffs relative to later payoffs, where the tendency increases the closer to the present both payoffs are
Normalcy bias
The refusal to plan for, or react to, a disaster that has never happened before
Omission bias
The tendency to judge harmful actions as worse, or less moral, than equally harmful omissions (inactions).
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