Quoted from http://en.wikipedia.org/wiki/List_of_cognitive_biases
42* decision-making biases 42* decision-making biases
The tendency for people to have a + Phenomenon by which humans
pay more attention to and give
stronger preference for more
more weight to negative than
immediate payoffs relative to later
positive experiences or other
payoffs, where the tendency
kinds of information.
increases the closer to the present
both payoffs are.
Interloper effect /
Irrational escalation The tendency to value third party
The tendency to make irrational consultation as objective, conﬁrming,
decisions based upon rational and without motive. Also consultation
decisions in the past or to justify paradox, the conclusion that solutions
actions already taken. proposed by existing personnel within
an organization are less likely to
receive support than from those
recruited for that purpose.
The tendency to judge
harmful actions as worse, or
The refusal to plan for, or
less moral, than equally
react to, a disaster which
harmful omissions (inactions).
has never happened before.
Mere exposure effect Neglect of probability
The tendency for people to express The tendency to completely
undue liking for things merely disregard probability when making
because they are familiar with them. a decision under uncertainty.
*number listed here is not an academic fact, it is simply listed to aid the memorization process.