Behavioral Biases Series

Confirmation Bias

According to an article in Psychology Today by Shahram Heshmat Ph.D., “Confirmation bias occurs from the direct influence of desire on beliefs.

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Representativeness Bias

A company might announce a string of great quarterly earnings. As a result, you assume the next earnings announcement will probably be great, too.

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The illusion of control bias

The illusion of control bias, another form of dissonant behavior, describes the tendency of human beings to believe that they can control or at least influence outcomes when, in fact, they cannot.

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Framing Bias

framing bias, just one more of the many ways in which our brains are biased in the way we evaluate information.

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Availability Bias

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Self-attribution Bias

Self-attribution bias is a long-standing concept in psychology research and refers to individuals’ tendency to attribute successes to personal skills and failures to factors beyond their control.

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