Bandwagon Effect
also known as "herd mentality" or "groupthink"; describes the human tendency to make decisions on the basis of the majority opinion
Confirmation Bias
The tendency to view information in a way that validates our existing opinions and beliefs
Clustering Illusion
describes this human tendency to perceive patterns where no pattern exists
Framing Bias
when the same information is presented in different ways, we tend to respond differently depending on how the issue is presented; often become apparent when an individual is presented with 2 identical options that are described in different terms
Gambler's Fallacy
the mistake that occurs when people tend to believe that the results of a random events, like a coin toss, will affect the probability of future outcomes
Halo Effect
when we are exposed to a person who has one positive quality, like physical attractiveness, we are more likely to attribute other desirable traits to the individual
Illusory Superiority
describes the tendency to view oneself as superior to others; also known as the "better-than-average effect"
Self-Serving Bias
occurs when an individual claims an undue amount of credit for a positive situation or an inadequate amount of blame for a negative condition
Syllogism
begins by proposing a set of principles, then forming conclusions by making logical inferences from these principles. The conclusion of a properly formed deductive argument is a logical consequence of the premises (it must be true if the premises are true). The conclusion will not add any new information to the argument, and instead will simply combine the principles stated in the premises
Wishful Thinking
Refers to irrational optimism, an individual who experiences this cognitive bias will form conclusions based on idealized imagined outcomes, rather than objectively examining the evidence at hand
Example of Confirmation Bias
Ignoring any news report or opinion broadcasted by XYZ News because you usually disagree with the channel's commentaries
Example of Bandwagon Effect
assuming that Che Guevara was an admirable person, without first studying his historical legacy, because your friends wear T-shirts with his picture
Example of Wishful Thinking
feeling certain that you will win the lottery, despite the fact that your chance of winning is less than one in a million
Example of Framing Bias
preferring a glass that's described as "half full" to one that is "half empty", or thinking that a gallon of ice cream sounds more appealing than four quarts
Example of Clustering Illusion
assuming that there is a relationship between weather patterns and days of the week because it has rained every Saturday for the past month
Example of Gambler's Fallacy
the idea that lightning never strikes the same place twice
Example of Halo Effect
voting for the more attractive candidate because "he just seems more honest" than his opponent
Example of Illusory Superiority
believing that you are actually a much safer driver than most, despite your numerous accidents and speeding tickets
Example of Self-Serving Bias
taking credit for your daughter's good grades, while blaming her poor study habits on her teacher
Example of Syllogism
All teachers assign homework