Tag: Cognitive Bias
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Availability Cascade
In an Availability Cascade, beliefs become widely accepted through frequent public repetition. This phenomenon, crucial in shaping public discourse, is driven by psychological factors and media influence, extending its reach beyond cultural limits.
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Groupthink
Groupthink is a psychological dynamic in groups where the desire for harmony leads to poor decision-making, characterized by suppressed dissent and inadequate evaluation of alternatives and risks.
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Trade-off Denialism
Trade-off denialism (or Opportunity Cost Neglect) is the disregard for the necessary balance between competing outcomes in decision-making, which can result in policies and strategies that fail to account for critical constraints and limitations.
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Cognitive Dissonance
The term cognitive dissonance describes mental tension experienced when holding contradictory beliefs. To relieve this unease, individuals often modify their attitudes or gather supportive information. The theory’s principles have broad applications, from decision-making to public policy.
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WYSIATI – What You See Is All There Is
The principle of WYSIATI highlights humanity’s propensity to draw conclusions from visible data while neglecting what might be omitted. Originally identified by Daniel Kahneman, this cognitive bias has significant ramifications across various fields, from politics to finance.
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Cognitive Bias
Cognitive biases, prevalent yet often unnoticed, shape decision-making processes. These systematic thinking errors—confirmation bias, hindsight bias, and more—affect individual choices, societal views, and interpersonal relationships. Strategies for minimizing their influence are part of a complex cognitive landscape.
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Gell-Mann Amnesia Effect
The Gell-Mann Amnesia Effect is a phenomenon where individuals trust media information despite recognizing its inaccuracies in their areas of expertise. This cognitive bias underscores the importance of critical thinking and media literacy.