Quoted from http://en.wikipedia.org/wiki/List_of_cognitive_biases
35* probability / belief biases 35* probability / belief biases
Stereotyping Recency effect
Expecting a member of a group
to have certain characteristics / Peak-end rule
without having actual information The tendency to weigh recent
about that individual. events more than earlier events .
perception that something is true if Primacy effect
a subject's belief demands it to be The tendency to weigh initial events
true. Also assigns perceived more than subsequent events.
connections between coincidences.
> Neglect of prior
The tendency to judge probability
of the whole to be less than the
probabilities of the parts. base rates effect
The tendency to neglect known
odds when reevaluating odds
in light of weak evidence.
Well travelled road effect
Underestimation of the duration taken
to traverse oft-traveled routes and
over-estimate the duration taken to
traverse less familiar routes.
Anchoring effect Optimism bias
The tendency to rely too heavily, or The tendency to be over-
"anchor," on a past reference or on optimistic about the outcome
one trait or piece of information when of planned actions.
making decisions (also called
*number listed here is not an academic fact, it is simply listed to aid the memorization process.