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System 1 processing is fast, intuitive, effortless and often emotional. It is the…
Several other publications review various specific cognitive heuristics and how they…
Anchoring and Adjustment – The anchoring and adjustment heuristic describes the very…
Representativeness – Both representativeness and availability are examples of ignoring…
Availability – The availability heuristic focuses on what is more readily available…
Framing – Framing explains the tendency for people to evaluate risks in terms of…
Hindsight bias – The hindsight bias teaches that people will overestimate the likelihood…
Egocentric bias – Also known as the Overconfidence bias, ego-centric bias results…
