Sunday, December 21, 2008

Biases

I chapter one of Nudge, Thaler and Sunstein list the following biases:

1) Anchoring - our tendency to answer questions by finding an anchor and adjusting our answer.
2) Availability Bias
3) Representativeness
4) Optimism and Overconfidence
5) Loss aversion
6) Status Quo Bias
7) Framing

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