Cognitive Biases

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4 Terms

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Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

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Sunk-Cost Fallacy

The tendency to continue investing in a project or decision simply because one has already invested a significant amount of resources (time, money, effort) into it, even if it's no longer rational.

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Choice-Supportive Bias

The tendency to remember one's own choices as better than they actually were, and to over-attribute positive characteristics to chosen options and negative ones to rejected options.

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Information Overload

A state of having too much information to make an effective decision or to stay informed about a particular topic, leading to stress or poor judgment.

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