Chat GPT List of Cognitive Biases
1. Confirmation Bias: The tendency to seek or interpret information in a way that confirms one's preconceptions or beliefs, while ignoring or downplaying contradictory evidence.
2. Availability Heuristic: Relying on immediate examples that come to mind when evaluating a topic or making a decision, rather than considering a broader range of information.
3. Anchoring Bias: The tendency to rely too heavily on the initial piece of information encountered (the "anchor") when making subsequent judgments or decisions.
4. Overconfidence Effect: Having excessive confidence in one's own abilities, knowledge, or predictions, often underestimating the risks or overestimating the accuracy of judgments.
5. Framing Effect: The way information is presented or "framed" can influence decision-making and judgments, as people may react differently based on whether a situation is presented as a gain or a loss.
6. Bandwagon Effect: The tendency to adopt or believe in something because many others do, without critically evaluating the evidence or reasons behind it.
7. Sunk Cost Fallacy: The inclination to continue investing time, money, or effort into something based on the belief that one has already invested heavily, even when the costs outweigh the potential benefits.
8. Hindsight Bias: The tendency, after an event has occurred, to perceive the outcome as being more predictable or obvious than it was before it happened.
9. Halo Effect: Forming a generalized positive impression of a person based on a single positive trait or characteristic, without considering other aspects or evidence.
10. Recency Bias: Giving more weight to recent information or experiences, while neglecting or undervaluing older or historical information.
11. Loss Aversion: The preference for avoiding losses over acquiring equivalent gains, leading to a tendency to take higher risks to avoid potential losses.
12. Dunning-Kruger Effect: People with low ability or knowledge in a particular area tend to overestimate their competence, while experts may underestimate their own competence due to assuming others have a similar level of knowledge.
13. Anchoring Bias: The tendency to rely too heavily on the initial piece of information encountered (the "anchor") when making subsequent judgments or decisions.