Category: Psychology
The facts behind Source-monitoring error.
A source-monitoring error is a type of memory error where the source of a memory is incorrectly attributed to some specific recollected experience.
The simple version of Misinformation effect.
The misinformation effect occurs when a person's recall of episodic memories becomes less accurate because of post-event information.
What people get wrong about Peak–end rule.
The peak–end rule is a psychological heuristic in which people judge an experience largely based on how they felt at its peak and at its end, rather than…
The facts behind Endowment effect.
In psychology and behavioral economics, the endowment effect, also known as divestiture aversion, is the finding that people are more likely to retain an object they own than…
The sourced background on Loss aversion.
In cognitive science and behavioral economics, loss aversion is a cognitive bias in which the same situation is perceived as worse if it is framed as a loss,…
The surprising truth about Sunk cost.
In economics and business decision-making, a sunk cost is a cost that has already been incurred and cannot be recovered.
Why Optimism bias still gets people talking.
Optimism bias is the tendency of an individual to overestimate the likelihood of positive events and underestimate that of negative events.
The facts behind Self-serving bias.
A self-serving bias is any cognitive or perceptual process that is distorted by the need to maintain and enhance self-esteem, or the tendency to perceive oneself in an…
Planning fallacy is stranger than it sounds.
The planning fallacy is a phenomenon in which predictions about how much time will be needed to complete a future task display an optimism bias and underestimate the…
The facts behind Fundamental attribution error.
In social psychology, the fundamental attribution error is a cognitive attribution bias in which observers underemphasize situational and environmental factors for the behavior of an actor while overemphasizing…