enow.com Web Search

Search results

  1. Results from the WOW.Com Content Network
  2. Choice-supportive bias - Wikipedia

    en.wikipedia.org/wiki/Choice-supportive_bias

    Choice-supportive bias or post-purchase rationalization is the tendency to retroactively ascribe positive attributes to an option one has selected and/or to demote the forgone options. [1] It is part of cognitive science, and is a distinct cognitive bias that occurs once a decision is made. For example, if a person chooses option A instead of ...

  3. Buyer's remorse - Wikipedia

    en.wikipedia.org/wiki/Buyer's_remorse

    This phenomenon is a result of the brain's instinctive (and rational) treatment of the transaction costs involved in acquiring a product as part of the purchase price of that product: The more involvement that a purchase requires or the purchaser puts in, the more dissonance or psychological discomfort the buyer will experience if dissatisfied ...

  4. 8 common money mindsets holding you back — and tips for ...

    www.aol.com/finance/money-mindsets-holding-you...

    When you hold on to a previous belief despite receiving credible, contradictory news, that’s called conservatism bias. Say you buy shares in a company because it was well established.

  5. Do You Have 'Confirmation Bias'? A Psychologist Breaks Down ...

    www.aol.com/confirmation-bias-psychologist...

    However, Dr. Kain shares that confirmation bias can influence how we vote, what we purchase and our opinions of people who are different from us—and not always for the better.

  6. Framing effect (psychology) - Wikipedia

    en.wikipedia.org/wiki/Framing_effect_(psychology)

    The framing effect is a cognitive bias in which people decide between options based on whether the options are presented with positive or negative connotations. [1] Individuals have a tendency to make risk-avoidant choices when options are positively framed, while selecting more loss-avoidant options when presented with a negative frame.

  7. Buyer decision process - Wikipedia

    en.wikipedia.org/wiki/Buyer_decision_process

    In the case of an impulse purchase, such as the purchase of a chocolate bar as a personal treat, the consumer may spend minimal time engaged in information search and evaluation and proceed directly to the actual purchase. [14] The rise of digital media and social networks are changing the way that consumers search for product information.

  8. List of cognitive biases - Wikipedia

    en.wikipedia.org/wiki/List_of_cognitive_biases

    In psychology and cognitive science, a memory bias is a cognitive bias that either enhances or impairs the recall of a memory (either the chances that the memory will be recalled at all, or the amount of time it takes for it to be recalled, or both), or that alters the content of a reported memory. There are many types of memory bias, including:

  9. Frequency illusion - Wikipedia

    en.wikipedia.org/wiki/Frequency_illusion

    Confirmation bias is a cognitive bias that always interacts with frequency illusion. [2] ... the consumer eventually makes the purchase. This phenomenon is a ...