Tag: behavioral biases

  • Decision-making, Belief, and Behavioral Biases

    Decision-making, Belief, and Behavioral Biases

    Cognitive Biases# are: “tendencies to think in certain ways that can lead to systematic deviations from a standard of rationality or good judgment, and are often studied in psychology and behavioral economics.” […] “Many of these biases affect belief formation, business and economic decisions, and human behavior in general.” They show up in specific instances…