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What is Cognitive Bias?
subconcious error in thinking that leads to an irrational decision to be made
Define confirmation bias
Using information that supports our beliefs/preconceptions that ignores evidence
What is the endowment effect?
Putting more value on things because you already have them
What do these letters stand for? F-O-M-O
Fear of Missing Out
What does Y-O-L-O stand for?
You only live once
What is loss aversion?
Looking at losses in greater regard than what could be gained
What is overconfidence bias?
The tendency to be more confident in your own behaviors/skills
What is the following an example of-learning last minute that the websites you were using to learn about election candidates was based on fake or exaggerated news and not taking time to updated research:
Cognitive Bias
What is this an example of-not selling at $2 lottery ticket for $20
endowment effect
What could F-O-M-O or Y-O-L-O lead to?
Debt
