Tagged: Paul Slovic

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.

Cognitive Biases

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. That is, different starting points yield different estimates, which are biased toward the initial values. We call this phenomenon the anchoring effect.