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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:
The illusory truth effect has also been linked to hindsight bias, in which the recollection of confidence is skewed after the truth has been received. In a 2015 study, researchers discovered that familiarity can overpower rationality and that repetitively hearing that a certain statement is wrong can paradoxically cause it to feel right. [ 4 ]
Truth-default theory (TDT) is a communication theory which predicts and explains the use of veracity and deception detection in humans. It was developed upon the discovery of the veracity effect - whereby the proportion of truths versus lies presented in a judgement study on deception will drive accuracy rates.
In truth, actual investors face cognitive limitations from biases, heuristics, and framing effects. A fair jury trial, for example, requires that the jury ignore irrelevant features of the case, weigh the relevant features appropriately, consider different possibilities open-mindedly and resist fallacies such as appeal to emotion.
For example, confirmation bias produces systematic errors in scientific research based on inductive reasoning (the gradual accumulation of supportive evidence). Similarly, a police detective may identify a suspect early in an investigation but then may only seek confirming rather than disconfirming evidence.
Baconian fallacy – supposing that historians can obtain the "whole truth" via induction from individual pieces of historical evidence. The "whole truth" is defined as learning "something about everything", "everything about something", or "everything about everything". In reality, a historian "can only hope to know something about something ...
The rhyme-as-reason effect, also known as the Eaton–Rosen phenomenon, [1] [2] [3] is a cognitive bias where sayings or aphorisms are perceived as more accurate or truthful when they rhyme. In experiments, participants evaluated variations of sayings that either rhymed or did not rhyme.
Humans have a predisposition to believe what they are told. This is referred to as a "truth bias." [17] In a common social agreement, people are honest with one another and believe that others will be honest with them. If a deceiver begins a deceptive exchange with an accurate statement, the statement may induce the receiver to believe the rest ...