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Forms of human cognitive bias?
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#37415
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The Global Financial Crisis »
The Global Financial Crisis
The Global Financial CrisisâExploring the causes, consequences and responses to the global financial crisis. âF1CEB7
▲
Long-term causes of the financial crisis? »
Long-term causes of the financial crisis?
Long-term causes of the financial crisis?âWhat are the long term causes of the current financial crisis?âFFB597
▲
Human cognitive biases »
Human cognitive biases
Human cognitive biasesâFamiliar cognitive errors that afflicted everyone: investors, home buyers, lenders, regulators.â59C6EF
■
Forms of human cognitive bias?
Forms of human cognitive bias?ââFFB597
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Availability heuristic »
Availability heuristic
Availability heuristicâPeople tend to overweight data that comes easily to mind, which is to say vivid (extreme) and recent examples.â59C6EF
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Bandwagon effect »
Bandwagon effect
Bandwagon effectâPeople tend to believe that something is a better idea if a lot of other people are doing it.â59C6EF
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Beneffectance »
Beneffectance
BeneffectanceâPeople tend to view success as a result of their own actions, while they view failures as having been due to factors largely outside of their control.â59C6EF
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Confirmation bias »
Confirmation bias
Confirmation biasâThe tendency to look for data that confirms your theory, rather than data that falsifies it. â59C6EF
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Hyperbolic discounting »
Hyperbolic discounting
Hyperbolic discountingâPeople value small short-term payoffs more than much higher long-term payoffs.â59C6EF
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Information cascade »
Information cascade
Information cascadeâAn information cascade occurs where people dismiss their individual instincts and personal data and base their decisions on the choices made by previous decision makersâand their decisions in turn influence every subsequent person to do the same.â59C6EF
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Optimistic bias »
Optimistic bias
Optimistic biasâPeople tend to be overconfident about their own abilities and the outcome of their plans.â59C6EF
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Overconfidence bias »
Overconfidence bias
Overconfidence biasâPeople are too confident in the accuracy of their predictions.â59C6EF
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Promotion of people with short-term, action bias »
Promotion of people with short-term, action bias
Promotion of people with short-term, action biasâPeople promoted to run top companies are typically selected for the ability to deliver immediate targets; this focus often makes them poorly equipped to take the more distanced, historical perspective necessary to spot the long-term trouble brewing.â59C6EF
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Recency effect »
Recency effect
Recency effectâPeople tend to overweight recent events in considering the probability of future events. â59C6EF
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Decision making under uncertainty »
Decision making under uncertainty
Decision making under uncertaintyââFFFACD
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Entrée par:
David Price
NodeID:
#37415
Node type:
Issue
Date d'entrée (GMT):
11/16/2009 7:44:00 PM
Date de la derniĂšre modification (Heure GMT):
11/16/2009 7:44:00 PM
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