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Explanations include information-processing rules (i.e., mental shortcuts), called heuristics, that the brain uses to produce decisions or judgments. Biases have a variety of forms and appear as cognitive ("cold") bias, such as mental noise, [5] or motivational ("hot") bias, such as when beliefs are distorted by wishful thinking. Both effects ...
The term "curse of knowledge" was coined in a 1989 Journal of Political Economy article by economists Colin Camerer, George Loewenstein, and Martin Weber.The aim of their research was to counter the "conventional assumptions in such (economic) analyses of asymmetric information in that better-informed agents can accurately anticipate the judgement of less-informed agents".
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]
This misconception may originate from a misunderstanding based on the fact that the Earth's mantle convects, and the incorrect assumption that only liquids and gases can convect. In fact, a solid with a large Rayleigh number can also convect, given enough time, which is what occurs in the solid mantle due to the very large thermal gradient ...
P is the assumption in a (possibly counterfactual) What If question. The adjective hypothetical , meaning "having the nature of a hypothesis", or "being assumed to exist as an immediate consequence of a hypothesis", can refer to any of these meanings of the term "hypothesis".
This is a common occurrence in the everyday lives of many and is a significant problem that is sometimes encountered in scientific research and studies. [3] Observation is critical to scientific research and activity, and as such, observer bias may be as well. [ 4 ]
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Often, a person will make a negative assumption when it is not fully supported by the facts. [6] In some cases misinterpretation of what a subject has sensed, i.e., the incorrect decoding of incoming messages, can come about due to jumping to conclusions. [7] This can often be because the same sign can have multiple meanings.