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Overconfidence effect, a tendency to have excessive confidence in one's own answers to questions. For example, for certain types of questions, answers that people rate as "99% certain" turn out to be wrong 40% of the time. [5] [44] [45] [46] Planning fallacy, the tendency for people to underestimate the time it will take them to complete a ...
Confirmation bias (also confirmatory bias, myside bias [a] or congeniality bias [2]) is the tendency to search for, interpret, favor and recall information in a way that confirms or supports one's prior beliefs or values. [3]
Extreme responding is a form of response bias that drives respondents to only select the most extreme options or answers available. [1] [17] For example, in a survey utilizing a Likert scale with potential responses ranging from one to five, the respondent may only give answers as ones or fives. Another example is if the participant only ...
If you didn’t touch that money for a whole year, by 2024, you’d have $1,010. You might think, Oh, that’s great, I made money by doing nothing. But in reality, that $1,010 is worth only $981. ...
Alicke and Govorun proposed the idea that, rather than individuals consciously reviewing and thinking about their own abilities, behaviors and characteristics and comparing them to those of others, it is likely that people instead have what they describe as an "automatic tendency to assimilate positively-evaluated social objects toward ideal trait conceptions". [6]
The eponym of the effect, Benjamin Franklin. The Ben Franklin effect is a psychological phenomenon in which people like someone more after doing a favor for them. An explanation for this is cognitive dissonance.
'The Rockefeller File' offers a critical look into the lives -- and secrets -- of the controversial family behind the colossal fortune.
[2]: 14 [3]: 69–90 Taking this into account and based on a person's classification of entity or incremental theorist (which delineates how a person views behavior in relation to its driving factors), research demonstrates that said person is inclined to experience indignation with more or less frequency and severity respectively.