Confirmation bias
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Last updated 3:52 PM on 8/15/25
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8 Terms
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Confirmation bias
The human tendency to pay attention to info that supports our beliefs
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Endowment effect
When people tend to value items just because they own it
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FOMO
Fear of missing out
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Hedonic adaptation
The tendency for people to return to a stable happiness despite positive and negative events
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Herd mentality
The tendency for people in a group to behave in similar ways
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Loss aversion
The tendency to feel pain more intensely than pleasure
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Over confidence
Having too much confidence
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Sunk cost fallacy
The tendency to keep investing into something that isn’t working just because you’ve already invested in it
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Flashcards (22)