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Cognitive Biases: Need to Act Fast

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Part 3

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In order to act, we need to be confident in our ability to make an impact and to feel like what we do is important.
Overconfidence effect
Egocentric bias
Optimism bias
Social desirability bias
Third-person effect
Barnum effect
Illusion of control
False-consensus effect
Dunning–Kruger effect
Hard–easy effect
Illusory superiority
Lake Wobegon
Self-serving bias
Fundamental attribution error
Defensive attribution hypothesis
Trait ascription bias
Effort justification
Risk compensation
In order to stay focused, we favor the immediate, relatable thing in front of us over the delayed and distant.
Hyperbolic discounting
Appeal to novelty
Identifiable victim effect
In order to get anything done, we’re motivated to complete things that we’ve already invested time and energy in.
Sunk costs
Escalation of commitment
Loss aversion
IKEA effect
Generation effect
Zero-risk bias
Disposition effect
Pseudocertainty effect
Endowment effect
Confirmation bias
In order to avoid mistakes, we’re motivated to preserve our autonomy and status in a group, and to avoid irreversible decisions.
System justification
Reactance (psychology)
Reverse psychology
Decoy effect
Social comparison bias
Status quo bias
We favor options that appear simple or that have more complete information over more complex, ambiguous options.
Ambiguity effect
Information bias (psychology)
Belief bias
Rhyme-as-reason effect
Law of triviality
Conjunction fallacy
Occam's razor
Less-is-better effect