BIASES
MORE BIASES
EVEN MORE BIASES
DECISION-MAKING PROCESS STEPS
FALLACIES REVIEW
100
Tendency to fixate on initial information as a starting point
What is ANCHORING EFFECT
100
Tendency to remember events that are most available in our memory
What is AVAILABILITY BIAS
100
Undermined rationality when emotions direct us from our long-term goals
What is EMOTIONAL INVOLVEMENT ERROR
100
A decision is not complete until you have taken action
What is MAKING AND IMPLEMENTING THE DECISION
100
A generalization accepted on the support of a sample too small to warrant it.
What is HASTY GENERALIZATION
200
People hold unrealistically positive views of themselves and their performance
What is OVERCONFIDENCE
200
Concept of not basing decisions on future consequences
What is SUNK COSTS
200
We are quick to take credit for our successes and to blame failures on outside factors.
What is SELF-SERVING BIAS
200
Create the criteria the solution needs to make and compare options
What is EVALUATING THE OPTIONS
200
Introduces an irrelevant issue into a discussion as a diversionary tactic.
What is RED HERRING
300
The tendency to grab for immediate rewards and avoid immediate costs
What is GRATIFICATION BIAS
300
Because we have difficulty in believing in chance events, many of us look for logical explanations
What is COPING WITH RANDOMNESS
300
When faced with complex decisions, we are all prone to simplify the process by limiting our search efforts
What is LIMITED SEARCH ERROR
300
No decision can stand on its own, we have to build the right environment
What is SETTING THE SCENE
300
Attacking the arguer rather than his/her argument.
What is AD HOMINEM
400
Seeing the world through unique tainted lenses, which allows us to believe what we want to believe
What is SELECTIVE PERCEPTION BIAS
400
The likelihood of an event based on how closely it resembles some other event or set of events.
What is REPRESENTATION BIAS
400
The tendency for us to believe falsely that we’d have accurately predicted the outcome of an event, after that outcome is actually known.
What is HINDSIGHT BIAS
400
Never assume that there is only one possible way of solving a problem
What is CREATING OPTIONS
400
When we misrepresent an opponent’s position to make it easier to attack, usually distorting his/her views to ridiculous extremes.
What is STRAW MAN
500
Tendency to seek out evidence that supports our current beliefs and to dismiss evidence that challenges them
What is CONFIRMATION BIAS
500
Mental structures we create for interpreting meaning
What is FRAMES / FRAMING BIAS
500
The habitual patterns we tend to fall back on when faced with a decision situation
What is DECISION-MAKING STYLE
500
Decisions start from a simple statement of purpose
What is PREPARING TO DECIDE
500
An argument in which the conclusion is already assumed in the premises.
What is BEGGING THE QUESTION
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