Passionate educator and explorer
Status Quo Bias - preferring not to change things and keep the current status.
Risk Compensation - taking bigger risks when you perceive a certain situation as less risky and being more careful when you perceive a certain situation as risky.
Reactive Devaluation - devaluing an opponent's opinion or idea and preferring opinions or ideas coming from you or from a party you like.
Choice-supportive (Post-Purchase) Rationalization - retroactively ascribing positive attributes to an item purchased or selected.
Ostrich Effect - avoiding negative information because it is unpleasant.
Illusion of Validity - overestimating one's ability to interpret the data accurately and make a prediction especially when there's a coherent pattern in the data set.
Hyperbolic Discounting - to prefer a less significant payoff / gain sooner rather than wait for a larger payoff / gain in the future.
Gambler's Fallacy - believing erroneously that past events impact future probabilities.
Anchoring effect - relying too much on initial information when it comes to making a decision.
Availability heuristic - relying too much on available data disregarding other pieces of information when it comes to making a decision.
Level 1 "Scholar"
Total points: 101