Browse & Filter Biases

Showing 187 biases.

Too Much Information

We notice things already primed in memory or repeated often

Base rate fallacy

Description

The tendency to ignore base rate information (generic, statistical information) and focus on specific information (information only pertaining to a certain case).

Base rate fallacy in business decision

A startup founder overestimates their chance of success by focusing on anecdotal stories of successful entrepreneurs, while ignoring the high base rate of startup failures.

Base rate fallacy in personal life decision

You believe a rare genetic disease is common because you've heard about a few cases, ignoring that it's statistically unlikely.