Cognitive Biases and Their Effects

Front

Tendency to favor information confirming existing beliefs, ignoring contradictory evidence.

Back

Confirmation Bias

Front

Relying heavily on the first piece of information encountered.

Back

Anchoring Bias

Front

Overestimating the importance of information that comes easily to mind.

Back

Availability Heuristic

Front

Believing events were predictable after they have already occurred.

Back

Hindsight Bias

Front

Attributing successes to oneself but blaming external factors for failures.

Back

Self-Serving Bias

Front

Overemphasizing personal traits while underestimating situational factors in others' behavior.

Back

Fundamental Attribution Error

Front

Preferring to avoid losses over acquiring equivalent gains.

Back

Loss Aversion

Front

Overestimating one's abilities or knowledge accuracy.

Back

Overconfidence Bias

Front

Preferring current conditions and resisting change.

Back

Status Quo Bias

Front

Allowing a positive impression in one area to influence overall judgment.

Back

Halo Effect