Bias vocabulary

Choose the correct meaning

Loss avertion

• a person or thing that arouses strong feelings of dislike

• Loss aversion is the tendency to prefer avoiding losses to acquiring equivalent gains

• incorrect belief that, if a particular event occurs more frequently than normal during the past, it is less likely to happen in the future

The fallacy of the maturity of choices

• incorrect belief that, if a particular event occurs more frequently than normal during the past, it is less likely to happen in the future

• The sunk cost fallacy is the human tendency to stick with endeavors in which we've already invested time, money

• fallacy in which an inference is drawn on the assumption that a series of chance events will determine the outcome of a subsequent event

spotlight effect

• belief that if deviations from expected behaviour are observed in repeated independent

• the paradox of choice is and why having a multitude of options can problematize decision-making

• psychological phenomenon by which people tend to believe they are being noticed more than they really are.

status quo bias

• tendency for people to report positive views of reality

• cognitive bias that explains why negative events or feelings typically have a more significant impact

• preference for the maintenance of one's current or previous state of affairs

negative bias

• tendency not only to register negative stimuli more readily but also to dwell on these events.

• emotional bias; a preference for the maintenance of one's current or previous state of affairs

• none of them