Illusion of control simply means that we overestimate our ability in creating a desired outcome.
Read moreCategory: Cognitive Biases
End of history illusion
End of history illusion refers to the fact that individuals assume that they will not change in the future, and will remain mostly the same.
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The Law of small numbers
Law of small numbers, or hasty generalization, is a cognitive bias and refers to the tendency to draw broad conclusions based on small data.
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The Gambler’s Fallacy: odds are not in your favor
The Gambler’s fallacy refers to the situation in which an agent erroneously considers the occurrence of an event to be dependent on past occurrences.
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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.
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