decisions

Judgement

Likelihood/probability of events using incomplete info

Decision-making

Selecting one option from several alternatives

Heuristics

Cognitive biases and rule of thumb

Probability

Statistics and likelihood

Logic

Not exact calculations

Saliency bias

People biased towards most important information

Confirmation bias

Info that supports our existing beliefs

Overconfidence bias

When one’s beliefs exceed reality

Fundamental attribution error

Looking for scapegoat

Gamblers fallacy

False expectation that past events would influence future

Sunk cost effect

When people pursue a course of action despite it being proven to be suboptimal