9. Information bias.
The tendency to seek information when it does not ffect action. More information is not always better. With less information, people can often make more accurate predictions.
11. Outcome bias.
Judging a decision based on the outcome rather than how exactly the decision was made in the moment. Just because you won a lot in Vegas doesnit
'mean gambling your money was a smart decision.
10. Ostrich effect.
'The decision to ignore dangerous or negative information by "burying"
one's head in the sand, like
an ostrich. Research suggests that investors check the value of their holdings significantly less often during bad markets.
12. Overconfidence.
'Some of us are too confident about our abilities, and this causes us to take greater risks in our daily lives. Experts are
'more prone to this bias than laypeople, since they are more convinced that they are right.
9. Information bias. The tendency to seek information when it does not ffect action. More information is not always better. With less information, people can often make more accurate predictions. 11. Outcome bias. Judging a decision based on the outcome rather than how exactly the decision was made in the moment. Just because you won a lot in Vegas doesnit 'mean gambling your money was a smart decision. 10. Ostrich effect. 'The decision to ignore dangerous or negative information by "burying" one's head in the sand, like an ostrich. Research suggests that investors check the value of their holdings significantly less often during bad markets. 12. Overconfidence. 'Some of us are too confident about our abilities, and this causes us to take greater risks in our daily lives. Experts are 'more prone to this bias than laypeople, since they are more convinced that they are right.