Psychological influences to the choices we make.
Did you know that psychology plays a big role in your decisions? Let us dive in! Categories 1. Decision-Making Biases (Influence on Choices) Risk & Probability Biases – Loss Aversion, Gambler’s Fallacy, Zero-Risk Bias, Certainty Effect. Time & Future Discounting Biases – Present Bias, Hyperbolic Discounting, Sunk Cost Fallacy. Choice Complexity Biases – Paradox of Choice, Decoy Effect, Pseudocertainty Effect. 2. Perception & Judgment Biases (How We See the World) Pattern Recognition Biases – Clustering Illusion, Pareidolia, Baader-Meinhof Phenomenon. First Impression Biases – Halo Effect, Anchoring Effect, Contrast Effect. Memory-Based Biases – Hindsight Bias, Zeigarnik Effect, Peak-End Rule. 3. Social & Group Influence Biases (Behavior in Groups) Conformity & Social Pressure – Bandwagon Effect, Groupthink, Social Proof. Social Identity Biases – Ingroup Bias, Outgroup Derogation, Stereotype Threat. Action & Responsibility Biases – Bystander Effect, Reactanc...