Actor-Observer Bias
You are at the casino watching a game of Black Jack, when a player who has a hand of sixteen asks for another card. You quip to yourself “What an idiot! He should have...
Tagged: cognitive bias
Survivorship bias: dead men don’t tall tales
Diogenes was asked concerning paintings of those who had escaped shipwreck: “Look, you who think the gods have no care of human things, what do you say to so many persons preserved from death...
The Anchoring Effect: Relying on evidence at immediate reach
In many situations, people make estimates by starting from an initial value that is adjusted to yield the final answer. The initial value, or starting point, may be suggested by the formulation of...
