Magnification and minimization occur when someone exaggerates problems while downplaying achievements. For example, if a person stumbles over a few words during a speech, they might think, "That was a complete disaster, everyone must think I’m incompetent," even though the rest of the speech went well (magnifying the problem). On the other hand, if they receive a compliment for their work, they might dismiss it by saying, "They were just being nice," instead of acknowledging their effort and skill (minimizing the success).