End of history illusion
“History is that certainty produced at the point where...
Category: Behavioral Economics
The Law of small numbers
“Amos and I called our first joint article “Belief...
The Gambler’s Fallacy: odds are not in your favor
“Play interests me very much,” said Hermann: “but I...
Compassion fade
Compassion fade is a cognitive bias, which refers to the decrease in the compassion one shows for the people in trouble as the number of the victims increase.
