Category: Cognitive Biases
The False Consensus Effect refers to the fact that people generally overestimate the extent to which others share their attitudes and viewpoints.
Amartya Sen was born in Bengal, India in 1933. When he was only ten, he witnessed the Great Bengal Famine, which had an everlasting effect on his works, and was a reason as to why he pursued Welfare Economics and Economic Development.
The halo effect, also known as physical attractiveness stereotype, refers to the tendency to use one trait of a person or thing to pass an overall judgment of them. For instance, attractive people may look smart and honest without any logical reasons.
Most of us do not like changes. Changes look scary, because they alter things, people or situations from what we knew and were familiar with. Similarly, Status Quo Bias is a cognitive bias which refers to our tendency to keep things as they are. In other words, it states our willingness for familiarity.
