Search results
Results from the WOW.Com Content Network
Escalation of commitment, irrational escalation, or sunk cost fallacy, where people justify increased investment in a decision, based on the cumulative prior investment, despite new evidence suggesting that the decision was probably wrong. G. I. Joe fallacy, the tendency to think that knowing about cognitive bias is enough to overcome it. [66]
some involve a decision or judgment being affected by irrelevant information (for example the framing effect where the same problem receives different responses depending on how it is described; or the distinction bias where choices presented together have different outcomes than those presented separately), and
Rational decision making is a multi-step process for making choices between alternatives. The process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight. Irrational decision is more counter to logic. The decisions are made in haste and outcomes are not considered. [57]
Much subject matter in literature can be seen as an expression of human longing for the irrational. The Romantics valued irrationality over what they perceived as the sterile, calculating and emotionless philosophy which they thought to have been brought about by the Age of Enlightenment and the Industrial Revolution . [ 4 ]
Stanovich proposed two concepts related to dysrationalia: mindware gap and contaminated mindware. [10]A mindware gap results from gaps in education and experience. This idea focuses on the lack or limitations within a person's knowledge in logic, probability theory, or scientific method when it comes to belief orientation or decision-making.
A cognitive distortion is a thought that causes a person to perceive reality inaccurately due to being exaggerated or irrational.Cognitive distortions are involved in the onset or perpetuation of psychopathological states, such as depression and anxiety.
Irrational behavior can be useful when used tactically in certain conflict, game and escape situations. The moves of an irrational opponent are not (or only very limitedly) predictable. An irrational negotiator cannot be put under rational pressure. [55] An indirect tactic is the rational use of the irrationalism of third parties.
Predictably Irrational: The Hidden Forces That Shape Our Decisions is a 2008 book by Dan Ariely, in which he challenges readers' assumptions about making decisions based on rational thought. Ariely explains, "My goal, by the end of this book, is to help you fundamentally rethink what makes you and the people around you tick.