25 More Cognitive Biases, As Tweeted By Elon Musk - Deepstash
25 More Cognitive Biases, As Tweeted By Elon Musk

25 More Cognitive Biases, As Tweeted By Elon Musk

25 IDEAS

9.65K reads

25 More Cognitive Biases, As Tweeted By Elon Musk

Keep reading for FREE

Declinism

We think nostalgically about the past and see the world going downhill from there.

Example: “Back then, we never even thought about locking our doors!”

130

767 reads

Availability Cascade

Collective beliefs grow stronger the more people parrot them.

Example: A study linking vaccines to autism (despite being disproved) compels many to avoid them altogether.

129

648 reads

Status Quo Bias

We take comfort in consistency and see any disruption as a burden.

Example: Despite being in a toxic relationship, Jack doesn’t want to go through the trouble of breaking up (and going on first dates again).

135

521 reads

Sunk-Cost Fallacy (aka Escalation of Commitment)

We’re reluctant to pivot from a strategy in which we’ve already invested so much time and energy.

Example: You keep watching the movie or reading the book even though it sucks.

130

485 reads

Gambler’s Fallacy

Believing a random event is more or less likely to happen based on preceding events.

Example: The roulette ball landed on black the last four times, so you decide to put everything on red.

126

426 reads

Zero-Risk Bias

We would rather nip small risks in the bud even when another strategy would mitigate overall risk.

Example: You opt for that sugar-free soda, not realizing the artificial sweeteners it contains might actually be worse for you.

125

368 reads

Framing Effect

The tendency to interpret the same information differently depending on context.

Example: You perceive wine as better tasting when it’s served in a crystal glass versus a plastic cup.

130

373 reads

Stereotyping

We fall back on surface-level beliefs about a group instead of looking at individuals within that group.

Example: “That guy with the tie-dye T-shirt must be a pothead.”

125

359 reads

Outgroup Homogeneity Bias

We view our ingroups as diverse and outgroups as all the same.

Example: Brad doesn’t own a gun and assumes anyone who does has violent tendencies.

128

347 reads

Authority Bias

The tendency to put our faith in authority figures.

Example: “The President said it, so it must be true!”

127

331 reads

Placebo Effect

The power of the mind to bring about the desired effect from an ineffective treatment.

Example: In a clinical trial, 80% of those who took a sugar pill reported signs of improvement.

125

305 reads

Survivorship Bias

Focusing on successes and ignoring failures.

Example: You assume entrepreneurship is easy because all you see are successful founders in magazines.

129

306 reads

Tachypsychia

We perceive time differently when under stress or trauma.

Example: “When the robber pulled a gun on me, everything seemed to stop.”

128

311 reads

Law of Triviality

We spend inordinate amounts of time and effort on trivial issues while ignoring the ones that matter.

Example: The mayor devotes an entire committee to keeping the sidewalk clean but does nothing to help the homeless.

128

272 reads

Zeigarnik Effect

We tend to recall interrupted tasks more than completed ones.

Example: Despite earning perfect marks in his annual company review, Bill fixates on that one project he dropped the ball on and feels guilty every time he comes to work.

133

266 reads

IKEA Effect

We tend to value things more when we have a part in their creation.

Example: “Isn’t this a beautiful coffee table? I put it together myself!”

132

291 reads

Ben Franklin Effect

Doing a favor for someone else makes us more likely to do more versus returning a favor they did for us.

Example: You didn’t like Brad at first, but after he asked for your advice, you've been looking for more ways to help him.

131

260 reads

Bystander Effect

We are less likely to intervene in a bad situation when there are more people around.

Example: Everyone just watched instead of calling 911 when the bar fight turned ugly.

127

259 reads

When your self-perception changes in response to a leading question.

Example: You call in sick from work, and your boss asks, “How did you get COVID?”

124

267 reads

Clustering Illusion

Our tendency to see patterns in randomness.

Example: “That cloud looks like a rider on horseback.”

125

270 reads

The overestimation that only bad things will happen.

Example: “It can only get worse from here!”

125

277 reads

Blind Spot Bias

We call others out for biases while insisting we have none.

Example: “I’m not biased; you are.”

127

329 reads

28

It's time to
Read like a Pro.

Jump-start your

reading habits

, gather your

knowledge

,

remember what you read

and stay ahead of the crowd!

Save time with daily digests

No ads, all content is free

Save ideas & add your own

Get access to the mobile app

2M+ Installs

4.7 App Rating

CURATED BY

aniyah_uj

"Money doesn't buy class." ~ Kiana Tom

CURATOR'S NOTE

This is the second part of 50 cognitive biases, as tweeted by Elon Musk. These are a must read for understanding human behaviour, including our own.