Browse & Filter Biases

Showing 187 biases.

Not Enough Meaning

We tend to find stories and patterns even when looking at sparse data

Hot–hand fallacy

Description

The fallacious belief that a person who has experienced success with a random event has a greater chance of further success in additional attempts.

Hot–hand fallacy in business decision

A salesperson who has closed several deals in a row might believe they are on a "hot streak" and take on riskier leads, assuming continued success regardless of probabilities.

Hot–hand fallacy in personal life decision

After making several basketball shots in a row, you believe you're more likely to make the next shot.